How Libra stands to influence the future of humanity
Blockchain technology is continuously being compared to internet-technology. Facebook, a company with about 2.3 billion users launches its own blockchain-based currency called Libra. This is a fairly bold move and a lot of thoughts come to mind. When the internet was launched to the public in the 1990s no single company on earth had this many clients or users. In fact, in the history of humanity nobody, not even the largest countries, had this many users for a new currency. This is a unique move in the history of humanity. Here are a few thoughts about this bold move. Who is a partner and who is not? At this time it appears that is a consortium of credible investors and companies will adopt, use and help run the currency. This consortium is formed of various types of companies : Payment companies which are the most at risk from being disrupted by blockchain based payments. These are Visa, Mastercard, PayPal, PAYU, Mercado Pago, Stripe, etc. Venture Capital investors: USV Union...