Press Coverage

MarketOrders COO quoted by Cryptoradar about Libra predictions

Our COO & Co-Founder, Sukhi Jutla, was recently quoted in Cryptoradar article “Facebook Libra Price Predictions: 4 Experts Share Their Forecast”.
She said: “Since the Facebook Libra coin is a stable coin made up of predominately the US dollar, followed by the euro, any changes in these two currencies will affect the Libra price. Right now with the ongoing uncertainty in the UK markets around Brexit creating nearly daily changes in the price of the euro and ongoing challenges in the Trump administration with the impeachment charges, the price of the Libra coin will look to decrease as we head towards the end of the year.
Coupled with this the ongoing regulatory issues around Libra, it doesn’t seem like the price has a chance to strengthen. The project is still plagued by ongoing concerns which have caused the delay of the launch till 2021. This will further continue to put downward pressure on the price. In the meantime, this will create room for further speculation on whether or not Libra will indeed come to market and be given a chance to flourish.
It’s also worth pointing out that the price will be determined by the utility of the Libra coin and its ability to be adopted. Right now the only way we can see adoption is in Libra helping to facilitate international transfers to family and friends, in countries that lack financial infrastructure. Getting mass adoption will be key but will regulators allow for this?”
You can read the full article here.