Forget Libra Coin, EMOGI Is Bolstering Mainstream Crypto Adoption
Facebook has generated a great deal of hype surrounding its non-existent digital currency, Libra. Mark Zuckerberg and friends have touted the coin as the flagship peer-to-peer digital currency for social media users to adopt. The company is looking to build Libra into Facebook Messenger and WhatsApp, giving users the ability to make peer-to-peer payments “instantly, securely, and at a low cost.” But for all of the attention that Libra has brought to crypto, it’s riddled with problems.
Chief among the issues is that Libra coin is centralized, controlled by a consortium of major companies including Visa and PayPal known as the Libra Association. These are the very centralized entities that crypto is designed to avoid.
Meanwhile, Libra remains just a figment of Facebook’s imagination. Even though they plan to launch the coin in 2020, lawmakers have proven they’re are not going to go quietly into the night. They won’t make it easy for Facebook in light of privacy scandals that have rocked Mark Zuckerberg. This is where EMOGI, a breath of fresh air, comes into play.
New Social Media Crypto Sheriff in Town — EMOGI
In case you haven’t noticed, there’s a new crypto sheriff in town — EMOGI. The EMOGI coin is the new BERM token, and coins will be converted on a 1:1 basis in the coming months.
The EMOGI coin is already providing solutions to problems in Latin America’s $100 billion remittance market and has taken the social media scene by storm. On the problem-solving front, EMOGI is making it easy and cheaper for users to send money from the U.S. to Latin American jurisdictions such as El Salvador and the Dominican Republic, where billions of dollars in remittances are sent ever year.
On the social media front, EMOGI has already overtkaken “Snapchat and TikTok in Colombia’s Google Play Store rankings and Pinterest in Mexico’s,” where positive reviews are pouring in. Now it’s coming for Instagram, which incidentally is controlled by Libra creator Facebook, as users discover that they can earn EMOGI coins for posting top-notch content on Bermi. Users are earning EMOGI via the gamification and reward system and are cashing in.
The EMOGI coin accomplishes everything Facebook was hoping to do and more and it’s completely decentralized. This means that users don’t have to worry about Mark Zuckerberg and friends leaking their financial data to third parties because there is no consortium controlling the coin.
In fact, the EMOGI network is reaching users both inside and outside of the crypto community because of its ease of use and dApp Bermi rewards users with the EMOGI coin for creating engaging content.
While Facebook’s Libra remains mired in regulatory purgatory, EMOGI is in the hands of users and making an impact on the Latin American region. Libra has an uphill battle and EMOGI is soaring like the wind. Yet it’s early days for EMOGI with a pipeline of exciting announcements and partnerships to be revealed up ahead. Get your EMOGI on and see what the buzz is all about for yourself.