Blockchain researchers from the online brokerage firm eToro argued that Facebook should seek support for other stable coins, not Libra.
According to the Finextra report of November 28th, the eToro's blockchain research unit eToroX Labs believes that although the Facebook crypto project offers a "pioneering opportunity" to disrupt financial services worldwide, the social media giant needs to change its strategy to ensure success.
Distrust and strong opposition have been harassing the Facebook project since its inception - pushing American politicians to derisively transform Libra into a "ZuckBucks".
However, the eToroX Labs researchers argue that there is still a need to fight for the company's ambitious goal of creating a peer-to-peer payment network that would allegedly improve financial integration around the world.
Earlier this week, David Rutter, CEO of R3's enterprise software company, ridiculed Libra's announcement on Facebook this summer as naive and "ridiculously stupid".
As Libra continues to share the world's opinion, Libra Association continues to develop, reportedly logging more than 30 projects and 51,000 transactions on the Libra network during the last two months of testing.
Meanwhile, Facebook has just announced the launch of a new fiat payment system, Facebook Pay, designed to facilitate payments through Facebook, Messenger, Instagram and WhatsApp.
