His tweets come after some voices said that XRP might be in danger due to Facebook’s coin Libra that’s in the works at the moment.
The coin is known in the crypto space at the moment as GlobalCoin or Libra, and it will reportedly be governed by a new consortium of corporations and non-profit organizations.
Facebook established the Libra Association that will reportedly include a lot of companies that will act as founding members of Project Libra to launch Facebook’s new crypto.
Despite the fact that Facebook has not officially revealed how they will use the crypto, more reports are showing that they could use it in order to give companies and individuals a low or no-cost way to move money across borders.
And we all know that Ripple is working on something similar as well offering solutions for cross-border transactions.
On June 18th, Facebook is expected to release a whitepaper on this new global coin, according to TechCrunch.
Bitcoin entrepreneur Charlie Shrem and Wall Street veteran Max Keiser say they believe Facebook’s global crypto will impact XRP. Here are their tweets below:
The $FB global stable coin… FaceCoin obviates need for hundreds of alt-cons including XRP. The alt-coin apocalypse is nigh. This will drive Bitcoin higher, as BTC competes with Gold, not fiat. (Also, crypto ‘payments’ companies likely to wiped out). https://t.co/w38jmtn7RN