Internet was one of the greatest things man created, and within a few decades, we are talking about Smart Homes, Artificial Intelligence, Internet of Things, etc. However, the journey has been all about the push which internet got, every time one thought it had reached saturation. Internet’s first public breakthrough was email, and then, the iPhone.
Case with every industry is quite similar, and more so with cryptocurrency. When Bitcoin was launched, it was discarded as another internet bubble, but with time it proved its mettle. Then came Dapps, and general adoption, which give it the initial push. And now, at a time when the entire industry awaits the spark for global mass adoption, Facebook’s Libra could do wonders, particularly for Bitcoin.
Facebook itself has a user base of over 2 billion people. And the best part is that it’s not the only one backing Libra. VISA, MasterCard, PayPal, PayU, Uber, and about 90 others are going to be the founding members when the token is finally launched for public in early 2020.
So how can Libra benefit Bitcoin? Let’s find out:
Increased Crypto Users
Facebook’s two billion users are like a gold mine for the industry. As Libra grows, more and more users will begin experiencing the power of cryptocurrencies. And once that happens, they will be definitely attracted towards Bitcoin, given its reputation of being the oldest and greatest cryptocurrency. Even if a 10th of the estimated user base gets hooked to Bitcoin, it might be enough to ignite the greatest bull rally of all time. Read More at CryptoNewsZ...