Paypal Withdraws from Facebook's Libra Cryptocurrency

Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by justapassenger on Friday October 04, 2019 @07:23PM (#21162744)

Libra is nothing like bitcoin - it doesn't have investment potential - it's 100% backed by basket of fiat money.

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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by jameslevy on Friday October 04, 2019 @07:30PM (#21162775)

It does have some potential to act as a hedge against USD. It will probably produce some small amount of capital gains (or losses) for its users.

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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by whoanow on Friday October 04, 2019 @08:32PM (#21163056)

I don't think so, there is no way it would achieve mainstream adoption if there was a potential tax liability for users spending their after tax dollars.

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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by kardos on Saturday October 05, 2019 @01:19AM (#21163957)

So it's like Tether?

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