Whereas it’s taken bitcoin years since its inception to break into the public consciousness, Facebook's Libra has the benefit of being made available on a massive social media platform that boasts as many as 2.4 billion users worldwide.
From its humble beginnings as a platform to stalk your high school girlfriend, the social media giant has evolved to become one of the world’s largest and most influential advertisers, news aggregators and data gatherers.
There are a number of key differences between bitcoin and Libra, some of which I’ll get into. But for now, I think the biggest distinction lies in its sheer scalability. Whereas it’s taken bitcoin years since its inception to break into the public consciousness, Libra has the benefit of being made available on a massive social media platform that boasts as many as 2.4 billion users worldwide.estimated the ownership rate in the U.S.
The difference is that, unlike the systems I just mentioned, Libra payments will be peer-to-peer. No banking account or credit card is required.
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