​​OPINION: Taiwan Needs to Keep Up With the Libra Bandwagon

Facebook is on the cusp of launching its cryptocurrency Libra, and Taiwan should prepare for it.

The News Lens
Date: 2019/07/18
By: Hsin Hsiao

​​OPINION: Taiwan Needs to Keep Up With the Libra Bandwagon Photo Credit: Reuters / TPG Images

“Hey, I will messenger you 20 Libras for the dinner” may very soon be what people say after meals in the near future.

Libra, the latest cryptocurrency to be released by Facebook, is under intense scrutiny on its potential to become a worthy challenger of sovereign currencies like the US Dollar or British Pound.

In the latest US Congress hearing, Senator Sherrod Brown of Ohio slammed Facebook for its “breathtaking arrogance” in attempting to launch Libra after multiple privacy breaches last year.

​​Ever since the rise of Bitcoin, new crypto coins seem to come into the market every year, why the fuss about Libra?    [FULL  STORY]

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