Personal Finance
A Singaporean’s Guide To Libra Cryptocurrency
By Seedly  •  June 19, 2019

Supporters of cryptocurrency like Bitcoin and Ethereum rejoice.

It seems like a major world market player has plans to make cryptocurrency mainstream, and surprise, surprise. It’s none other than Facebook.

Considering that Facebook has a knack for making things REALLY simple to use and adopt… I mean, just think about it. 15 years ago, no one was sharing cat memes and letting everyone in their lives know exactly what they’re having for breakfast. EVERY. SINGLE. DAMN. DAY.

Source: knowyourmeme

Although now we also have Instagram for that…

But seriously, as of March 31, 2019, there are 2.38 billion monthly active users on Facebook.

To give you some perspective, our world population currently stands at 7.5 billion according to the United States Census Bureau.

So can you imagine what Facebook could do for cryptocurrency if Mark Zuckerberg somehow manages to convince one-third of the world to transact only in Libra?

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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