[ad_1]
Financial markets have welcomed this Friday with moderate optimism the information that Facebook and a group of companies plan to launch their own cryptocurrency, while badysts disagreed about the chances of success of this project.
The money project has the support, in addition to the social network, of businesses such as Visa, Mastercard, PayPal and Uber, which will be part of a consortium named "Asociación Libra" (the operation has received the name of Libra Project) and will act as cryptocurrency supervision entity.
After the Wall Street Journal unveiled Thursday the plans of Mark Zuckerberg's firm, which will be formalized next Tuesday, the stock's value on the stock exchange of the Menlo Park firm (California, USA) he remained in rise all day with increases between 1.5 and 2.3%.
You can read: Facebook would have its cryptocurrency and would pay its employees
"In theory, it seems that Facebook could have the wind in its favor, especially with the support of companies such as Visa, Mastercard and PayPal. Its main benefits would be in the areas of video games, shopping and applications, "said Carter Henderson, an badyst at Fort Pitt Capital.
"However, joining the most-watched company (Facebook) with the most-watched currency (cryptocurrency), both subject to pressure from regulators, does not seem to make it easy for Facebook," he added. # 39; expert.
"My fear is that means less resources and time for Facebook's main source of revenue, ads. But it's true that it seems the market has done well, with an increase in the value of their shares, "said Henderson.
The creation of the consortium that will bring together all the participating companies will Facebook does not exercise direct control over the currencybut it will be collegial, despite the fact that the Zuckerberg company was the main driver of the initiative.
$ 10 million
Each The participating company will contribute approximately $ 10 million to the consortium. management of cryptocurrency, the value of which will be linked to a basket of different international currencies in order to provide stability that does not have, for example, bitcoin.
"My main question remains how decentralized it is. will create a separate organization to manage cryptocurrencyBut this could simply be a way to avoid regulators instead of a real bet for a fair share, "said eToro market badyst Mati Greenspan.
Greenspan added that what bothered him most is that Facebook will ask the participating companies a contribution of $ 10 million, which, "if confirmed, would create a huge barrier to access for the common man and it would not exactly be something that could be described as "the currency of the people".
Contacted by Efe, none of the other companies that, according to the Journal, will participate in the Libra Association (Visa, Mastercard, PayPal and Uber, among others) wanted to dono comment about iteither to confirm or to invalidate the publication.
Despite the lack of success that cryptocurrencies have had so far, if the Facebook project and the other companies of the Libra badociation The benefits to Internet users could be huge for the global financial sector, as nearly one-third of the world's population has an active account on the social network.
"(The cryptocurrency) gives Facebook the power to print money in the" crypto "economy and has epic implications for global e-commerce.In contrast to bitcoin, every transaction will under intense radar and will be transparent to regulators, "concluded the badyst of the investment company The Patriarch Organization, Eric Schiffer.
[ad_2]
Source link
