By now, I’m sure you’ve heard the Libra noise—it’s “Facebook’s cryptocurrency” and it’s been making waves in the financial world ever since its announcement several months back.
The currency plan was meant to launch next year, but has been met with a fair amount of push-back.
Concerns range from the lack of regulation to the hybrid nature of the currency, which runs on the blockchain system but isn’t actually a crypto coin…suffice to say, it’s all very complicated.
Which is probably why big investor, PayPal (PYPL), has jumped ship on the project.
The abandonment has sparked panic over the state of crypto investments, but don’t run away just yet.
There’s more to this development than you might think, and there may be a goldmine waiting just ahead.
Now, PayPal bailing on the Libra project may come across as a vote of no confidence for cryptocurrency, but in reality, it’s the opposite.
Part of what has made Libra such a hot-button issue is the hybrid nature of the currency plan.
Facebook (FB) has branded the currency under the crypto umbrella, but it isn’t a true crypto system, and the backing by international banks and financial firms has raised more than a few eyebrows.
Libra has put the issue of monetary regulation, privatization, digital currency, and decentralized currency into question since its initial announcement, and it’s made investors more than a little bit uneasy.
Now, with PayPal walking away, the legitimacy of the currency plan is more in question than ever.
Plus, in light of PayPal pulling the plug, Mastercard (MA) and Visa (V) are considering cutting ties with the currency as well.
Which, though it may spell doom for the Libra plan, may spell success for the future of crypto.
Let me explain.
Because Libra isn’t a true cryptocurrency, it doesn’t function according to the same rules and systems. However, because of the branding of Libra, the currency has been associated directly with crypto.
Plus, thanks the bad press Libra has been getting, cryptocurrency has been under fire by association.
For such a new and revolutionary system, bad press is not ideal.
But now, the investors backing out of Libra has left the Facebook currency without legs to stand on and has given legitimate cryptocurrency systems a PR breather for the first time in months.
The vote of no confidence from PayPal (and potentially Mastercard and Visa as well) will have three big impacts.
1. If Libra wants to survive, it may need to rebrand as a more traditional cryptocurrency, which will end the threat of the hybrid system to other cryptocurrencies.
2. The end of the Libra company pact means an end to falsified crypto news attacks, and a fresh look at real, engrained crypto systems like Bitcoin (BTC).
3. PayPal, Mastercard, and Visa are now free to invest in their own cryptocurrency systems independent of Libra, which is something that Mastercard is already well on its way to doing. This will add legitimacy to traditional cryptocurrency, AND will further employ the new digital monetary system in very real and wide-reaching ways.
But what does all of this mean for you?
Well, first of all, it means we’re at an ideal buy-in point for cryptocurrency. After so many months of bad news and Libra whirlwind reports, cryptocurrency has been suffering.
But, in light of our 3 strong crypto signs, it’s safe to say that cryptocurrency systems are going to start seeing the positive effects of the change very soon.
That means now is your chance to buy in, just in time to watch the value soar!
You can always turn to our dear old Bitcoin (BTC), or the traditional stock tracker for the currency (GBTC) for a strong investment gain.
Or, if you want to follow the new path for crypto success, you could throw your lot in with Mastercard (MA) which has already begun to implement a system of blockchain payments around the world.
Just in case you were wondering what kind of profits that means, Mastercard has already seen a 40% surge this year! That’s $7,819 in profits this year alone for an investor with only 100 shares in the company!
All in all, PayPal walking away from Libra may be making headlines in a negative light, but the truth is, it’s a huge step forward for cryptocurrency’s future, and it seals the deal on YOUR future profits!
Thank you!!!!!