The public perception of Facebook’s digital currency project remains all over the place. Despite a lot of initial excitement regarding Libra, it remains to be seen how well the project will fare when everything is said and done. While there may be some big hurdles ahead, there are a few key reasons as to why this currency could become a major contender.
Appealing to the Mainstream
It is rather apparent there are still a lot of reasons as to why Facebook’s Libra could genuinely fail before it even gets off the ground. That is only normal at this stage, since a lot of questions remain unanswered. However, the social media giant is headed down an interesting path, primarily because they want to bring digital money to billions of people all over the world.
In terms of targeting mainstream consumers, it is evident that Facebook’s project could very well succeed where Bitcoin and other major cryptocurrencies have fallen short. Since this new currency will be introduced to Facebook users directly without jumping through…