Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
It was on June 18, 2019 that Facebook announced a piece of unprecedented news: the launch of its mysterious cryptocurrency called Libra. This news brought much doubt and surprise around the world, and would subsequently go on to encounter a plethora of obstacles. This meant several of the members of the Libra association would begin to doubt their permanence. This guide breaks down what has happened so far and explains Facebook's Libra.
From users of the social network, to the presidents of various countries, many had different reactions to Libra. Specifically, this was the great bet that Mark Zuckerberg had up his sleeve to finish knowing absolutely everything about us: our money.
The natural reaction of the banking sector, politicians and government authorities was total rejection and anguish since Libra officially represented the breakdown of the current economic model, based on the outdated and unsustainable banking system, which would only bring very bad news...