Mark Cuban in a recent interview bashed Facebook’s cryptocurrency – the Libra. In the interview with CNBC, the billionaire investor called Libra a big mistake. Mark Cuban is a billionaire entrepreneur, a “Shark Tank” investor, and the owner of the Dallas Mavericks basketball team.
In the interview which took place today 12th July, 2019, the billionaire owner of Dallas Maverick Mark expresses his opinion on the Facebook stablecoin, that, he is not a big fan of what Facebook is doing. He then stresses that it is a big mistake and could be dangerous.
In his own words, he says:
“I’m not a big fan of what they’re doing there. I think it’s a big mistake.”
Cuban explains in plain terms that he is not more concerned with the impact Facebook’s Libra will have on the US economy. He is rather more concerned with the impact of Libra on the global scale. While speaking to Deirdre Boston, he says;
“I think globally and in countries where there isn’t a lot of rule of law, or a lot of government stability, or currency stability, then it could be dangerous.”
Making emphasis on Africa, he said:
“There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring,”
Mark joins a growing list of high profile individuals such as but not limited to: the Federal Reserve Chairman, Jerome Powell, the French Finance Minister, Bruno Le Maire, the Bank of England Governor, Mark Carney, who come out to express their contrary opinion about the global financial infrastructure Facebook is about to launch. 45th President of the United States, President Donald Trump also in a tweet expressed his opinion on the Libra.
Donald Trump’s recent tweet against bitcoin and other cryptocurrencies has stir the crypto community. Trump specifically outlines Bitcoin and Facebook Libra. In his tweet against Libra, he writes:
….Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…
— Donald J. Trump (@realDonaldTrump) July 12, 2019
As Facebook is set to meet the US Congress, the fate of the Facebook Globalcoin project remains hanging on the balance. It is after the Congressional hearings, onlookers would know whether Libra will launch or not and if it will, what compromise Facebook will make to see the launch of its step into cryptocurrency. With various nations expressing their stand such as India on the Libra, time will tell if Facebook will need Liberation.
Twitter Lanches Bitcoin Tip Service, Available on iOS Devices
Dubai regulators have flung open the door for crypto businesses
Giveaway Scam Resolve; Bitcoin.org is back online: Will the perp be found?
VanEck to Give Clients Access to Crypto by Offering a Solana ETF
Solana based DEX, Orca Closes $18M Series A Round
We don’t expect all businesses to adopt e-Naira –CBN
We chose Bitt Inc for the e-Naira because of Capacity & Experience – CBN
KB24 Launches NFTs Collection in Memory of Kobe Bryant, Proceeds to be Given to Charity
President of Turkey Says the Country is at War with Cryptocurrencies
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
How Blockchain Technology Can Transform Governance In Africa
E-naira Project Award to BITT Raises Regulatory Questions
The Central Bank of Nigeria’s e-naira Project has generated a number of questions lately. The most recent is the contention...
Ecosystem Growth Fund: The newest ways to market and promote blockchain platforms
Fantom, Harmony, Algorand & OKEx has in less than a month announced a billion dollars fund to boost development on...
TOKEN2049 Returns for In-Person Event this October in London
Highly anticipated conference at the forefront of the digital assets space marks the return of one of the first major...
OKEx Launches Super Affiliate Program
Are you a KOL or content creator in the crypto space? Do you want to boost your earning by introducing...
Influencers Are the Drive behind NFTs Popularization – Karla Obarkpolor
The founder of NFT marketplace Qlipit and Crypto Asset Management Company, Crypto Smart has stated that influencers have played big...