Libra may be viable, according to Fitch

Experts of the international rating agency Fitch believe that Libra, Facebooks' cryptocurrency, the launch of which is expected in 2020, may be viable. After analyzing the possibilities of a new digital currency, the agency indicated that Libra had certain technological advantages, such as its belonging to the category of stablecoins, tied to the national currency or assets reserves, which makes its price less volatile compared to other cryptocurrencies. The advantage of Libra is the prospect of its use on the world's largest social media platform with more than 2.7 billion users. Agency experts point out that the attractiveness of the new digital currency as a means of exchange, in addition to the stability of its price, is also in the possibility of avoiding the speculations characteristic of existing cryptocurrencies.

26.06.2019
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