Analysis: Facebook's cryptocurrency will be more like one of the mainstream cryptocurrencies, not an internal payment or loyalty system

According to Bitcoinist, since the Wall Street Journal reported that Facebook is in the process of cryptocurrency payment Libra, due to lack of detailed information, relevant speculations abound. Technicians Nathaniel Popper and Mike Isaac have said that Facebook, Telegram and Signal are designing their own digital tokens, allowing billions of users to exchange funds on the Internet through payment systems, but because they are still centralized, they are not It will be as resistant to censorship, decentralization and security as Bitcoin is designed. Others believe that Facebook's cryptocurrency will be more like one of the mainstream cryptocurrencies. Among them, Lisa Ellis, a partner and analyst at independent research firm Moffett Nathanson, predicts that Facebook's cryptocurrency will actually be more like mainstream cryptocurrencies such as Bitcoin or Ethereum, rather than internal payment or loyalty systems used by companies such as Starbucks.