The most exciting part about this whole thing to me is the significant increase of fiat on ramps for crypto. Right now one of the biggest issues to more widespread adoption of crypto is how hard it is to get it for most people around the world. Facebook et. al. will make sure that everyone, everywhere, can get the Libra via whatever currency and whatever payment methods they have available, and then they're "in" and they can much more easily trade their Libra for other cryptos.
From what I've read there should be no reason that the Libra won't be available on every major crypto exchange, including decentralized exchanges like BitShares or even Steem Engine. Right now it's super hard for regular people to get STEEM, but I look forward to the day when it's super easy because they all have (or can easily get) Libra, and then it's just a simple exchange away.
That is a great point @yabapmatt. The fact that we are going to see many people with crypto in their possession, either by earning it on FB or via fiat conversion, the fact that they have it puts them in the "game".
With billions entering the crypto world, we are going to see some percentage of that have an interest in Steem based applications. This could open the door to a lot of other opportunities.
I do like the idea of adding Libra to Steem-Engine. I am glad I just bought another batch of ENG. 😁😁👍👍
Libra coin seems no different than Tether honestly.. Just for Facebook.
That's it: major FIAT-onboarding thanks to Libra. Plus: seeing Libra next to BTC/STEEM in all the big crypto wallets might get people curious and dive into other coins as well. Education! Libra is a bullish sign for crypto in general.
YES!!! That's exactly what I've been thinking. Kinda wierd to feel happy about something Facebook is doing, but I do think it's good news for us.