Senior Researcher at Tencent Research Institute: Regardless of success or failure, Libra has laid the first cornerstone for the digital currency world.

On June 21st, the official WeChat public account of Tencent Research Institute released the article by Xu Siyan, a senior researcher at Tencent Research Institute and Chen Mingyan, an assistant researcher at Tencent Research Institute, "Libra: The Transformational Ambition of Social Empire Facebook". The article stated that within two years, Libra The meaning of Facebook itself is much greater than the meaning of the global monetary system. Libra wrote in the white paper that “transferring funds globally should be as easy, cost-effective, and even safe as sending text messages or sharing photos.” This echoes Bitcoin’s original intention of “a peer-to-peer electronic cash system”. However, over time, the deflationary nature of Bitcoin has made it a digital asset that cannot achieve its digital cash goal. Now, Facebook has continued this goal with a (multiple) centralized approach. In the long run, the giants opened a Pandora's box, making virtual currency an irreversible element of the digital world. Once global Facebook users are accustomed to using Libra in a variety of scenarios, then people no longer need to convert Libra into French currency, and no longer need third-party asset support. This will pave the way for the digital cryptocurrency to truly spread among users, inciting the traditional monetary system. Digital cryptocurrency will be truly popular among users, inciting the traditional monetary system. Regardless of success or failure, Libra has laid the first cornerstone for a more free, more inclusive, globalized digital currency world in the future. In the end, the giants set up a platform, and the multi-centered payment clearing network reversed the popularity of the digital cryptocurrency that was born in the private, decentralized, and competed for a pricing power in the traditional monetary system.