Facebook’s LIBRA was made in china.
When you talk about technological Innovation, China certainly isn’t the first place that comes to your mind.
For most of the last centuries and recent history, most of the innovations that completely changed the world came from the West but things are changing and China, or may i say the Chinese Communist Party, is literally changing the world.
On Planet China, everyone is a Han Chinese, that speak the same language with their own tech ecosystem and a single currency. How many cool things to boost efficiency and prosperity you can do with this type of status quo? Let me tell you, a lot.
Now, we have Facebook, that looks at planet china and says… i want to be the We-chat of the Earth and to do that we have to get everyone to use the Earth’s Yuan, and we will call it Libra.
Facebook’s app ecosystem is already set up to be the wechat of the earth and the only things that it needs, is to have almost total control on every penny spent, and a unified payment system across the planet.
That’s the reason why Libra was copied from China. The Libra payment system is a direct result of the payment system that already works in china, the Yuan digital Payment System.
In other words, the Libra system is a way to transcend borders, central banks and government policies to get to a unified currency that can be used frictionless across the planet earth. increasing efficiency, generating useful big data, and increasing the Velocity of Money, creating more prosperity and making things simple for over 6 Billion people.
Not to forget that facebook said it will all be done at no cost of privacy, but i’m not too sure about that.