Libra, Facebook’s New Digital Currency & Bible Prophecy

On 18th June, 2019, Facebook and 27 different accomplice firms — together with Visa, Mastercard, PayPal and eBay — formally introduced the plan to launch a digital foreign money known as “Libra” within the first half of 2020.

Facebook’s David Marcus, who spearheaded the event of Libra, mentioned the mission of the brand new cryptocurrency is to create “a easy international foreign money and monetary infrastructure that may empower billions of individuals”.

It is claimed that Libra will have the ability to resolve the problems of conventional currencies, akin to banking the 1.7 billion who’re unbanked (31% of the world inhabitants) and permitting for straightforward transfers and cross-border funds.Perhaps much more vital, although, is the declare that Libra will overcome the obstacles which have prevented Bitcoin and different main cryptocurrencies (which we’ve got
speculated might be precursors to the cash ultimately used ultimately occasions) from attaining mass adoption!

Unlike cryptocurrencies like Bitcoin, Libra will likely be backed by a reserve of actual property, it could actually’t be mined, there’s no cap on the variety of Libra that may be produced, and it received’t be decentralized at launch. Mastercard’s government vp of digital options, Jorn Lambert, famous that Libra’s standing as a stablecoin, and its central regulatory physique, doubtlessly make it the first actual cryptocurrency answer that can be utilized for funds worldwide.

In reality, Facebook’s unprecedented person base is the one international inhabitants that is sufficiently big to arrange round a single foreign money, in accordance with, and lots of consider Libra will leverage Facebook’s greater than 2.7 billion month-to-month customers to lastly convey cryptocurrencies into the mainstream. See: Facebook may have too many users for its cryptocurrency to fail — even if you don’t trust it

However, others have questioned the motives behind the initiative. Facebook has already proven that it has full disregard for customers’ privateness and freedom of speech (e.g. silencing voices and promoting private data to advertisers). Phil Chen, a cryptocurrency knowledgeable who pioneered HTC’s first blockchain smartphone, says, “If you’re involved with Facebook figuring out an excessive amount of or having an excessive amount of entry to your non-public information, effectively this international coin is the most invasive and harmful type of surveillance they’ve designed up to now.”George McDonaugh, the co-founder of blockchain funding agency KR1, says that the brand new foreign money is all about amassing extra useful info from folks. “Let’s reduce to the chase, Facebook – and Libra’s supporting companies – are doing this for one motive and that’s information… that is all about Facebook enriching their reservoirs of knowledge, figuring out who you might be, what you’re shopping for, who you’re paying and the way a lot you’ve got.

The Coming Global Economic System

Those skeptical of Facebook’s creation of their very own cryptocurrency have each proper to be. The Bible says a time will come when a world dictator will management all purchase and promote transactions:

“He causes all, each small and nice, wealthy and poor, free and slave, to obtain a mark on their proper hand or on their foreheads, and that nobody might purchase or promote besides one who has the mark or the identify of the beast, or the variety of his identify.” (Revelation 13:16-17)

It is simply too early to inform whether or not Libra will grow to be the worldwide digital fee system the Antichrist makes use of to regulate the world within the final days, however make no mistake, if you see monetary heavyweights Visa, Mastercard, PayPal, Stripe, eBay, Uber and many others coming collectively and investing almost as much as a billion {dollars} within the foreign money, know that you’ll quickly have the ability to use cryptocurrency anyplace and in all places you store — simply because the Bible predicted, 2,000 years in the past!

Libra image

On a aspect observe, it is fascinating that Facebook selected to call its new cryptocurrency Libra. Is it a coincidence that Facebook is naming it after an astrological zodiac signal, a system that revolves across the occult? I do not know, however I do know that the image for Libra represents judgment; it additionally invokes the Greek letter Omega, which represents “the tip,” so take heed!

The backside line is that prophecy is aligning proper in entrance of us, and this announcement brings us ever nearer to Christ’s return. Are you prepared? Or will you be left behind?

UPDATE (28/06/19): Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, urges Mark Zuckerberg (CEO of Facebook) to think about altering Libra’s identify to the “Mark,” referencing the dangerous luck historical past of the “Libra” time period. Does that identify remind you of something? Read extra:



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