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Tuesday

22 October 2019

Alex Karasulu: Libra a Payment Platform, Not a Currency

Alex Karasulu: Libra a Payment Platform, Not a Currency


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For example, he comments that Libra will not necessarily be a cryptocurrency in the way bitcoin, Ethereum or Litecoin is, but rather it will be a payment system much like PayPal.

Interesting that Karasulu would describe Libra as a better PayPal, however, considering PayPal was one of the coin’s biggest supporters and was originally slated to be part of the Libra Association?

If Libra is, in fact, better like Karasulu says, is it possible that PayPal felt a little intimidated and didn’t want to contribute to a platform that could potentially outdo it in size and scale.

It’s empty and soulless to most cryptocurrency enthusiasts but they’re sure to see tractions because billions of users exist on Facebook and the platforms of the 100 members that will use it to transact… Most users won’t notice the difference between a ‘real’ liberating cryptocurrency versus Libra and will enter the crypto verse for the first time through it

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