It's easy to see why some of Facebook's key blockchain competitors are enthusiastic about the company’s entrance in the space
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The prevailing belief is that at some point the inherent contractions in Facebook’s blockchain strategy and the Libra project are going to become too much to overcome. Of course, this assumes that the project launches at all, which is not certain given the regulatory scrutiny it faces around the world.
To the point, it is interesting that some of Libra’s first members, including venerated venture capital firm Andreessen Horowitz and crypto-unicorn Coinbase, A man walks past signs advertising money transfer services and loans outside a business in Mexico City, Tuesday, April 5, 2016. However, rather than being a centralized issuer that supports the price pegs with fiat held in banks, Celo has built a full-stack platform , that can offer an unlimited number of stablecoins all backed by cryptoassets held in reserve.stablecoin provider.
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