In this episode of the Financial Fox Crypto Show, PR guru Stefania Barbaglio discusses Facebook’s new cryptocurrency, Libra, with On Yavin, CEO of CoinIntelligence. On calls it “CRAP COIN”, a fake cryptocurrency that goes against all principles of the crypto world: it is centralised, and poses significant concerns on data transparency, data privacy, security and regulations. Experts have branded the move a dangerous power grab that marks Facebook’s “most invasive” form of surveillance yet.
On the other hand, Libra could widen expose cryptocurrencies to billions of users and help push mainstream adoption of digital payments. A story to follow.