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I'm surprised to see Coinbase as a founding member. I wonder if they'll allow direct conversions between Libra and other cryptocurrencies. It's interesting to
by JaRail 7y ago
I'm surprised to see Coinbase as a founding member. I wonder if they'll allow direct conversions between Libra and other cryptocurrencies.
It's interesting to note that there aren't any device manufacturers as members. No Google, Apple, Samsung, HTC, etc. That's going to make this an uphill battle for them. It implies that those companies have their own ideas. Or, perhaps, they just aren't willing to partner with FB right now given their toxic reputation for privacy.
- Florin_Andrei 7y agoI think it makes perfect sense for Coinbase to tap into this flow.
- JaRail 7y agoI mean, I'm more surprised they were invited to the party. You know something like this will immediately spur countries to denounce it as facilitating money laundering, terrorism, the collapse of the civilized world, etc. I would have thought they'd stick with PayPal as their main partner to interface with banks. It's a huge opportunity for Coinbase but they bring the political baggage of every other cryptocurrency along with them.
- Florin_Andrei 7y agoYeah, but Libra could do due diligence when the money enters their system. Sure, things are a bit "informal" on the BTC/ETH side, but I'm pretty sure Libra will strive to meet the demands from governments. That being said, yeah, wild claims can and probably will be made by various entities.
- grafporno 7y agoIt makes perfect sense in terms of a PR Win-Win situation: Facebook gets the "crypto currency" credibility, Coinbase gets more PR (and more crypto buyers) in general.