The word \u2018Libra\u2019 has acquired a new meaning in the cryptospace after Facebook, the social media giant, introduced its native cryptocurrency. Despite the hype alas, the development hasn\u2019t been welcomed by many, with everyone from regulators to governments skeptical about its scope, legality and utility.\r\n\r\nNow, the astrological sign might have to predict and protect the future of Facebook\u2019s crypto-project as the entire world looks on with uncertainty, since it comes with a major flaw, according to Ripple\u2019s Senior Vice President Marcus Treacher.\r\n\r\nIn an interview with CNBC, Treacher called the Libra project a \u201cwalled garden,\u201d meaning a closed system used previously for companies like Apple and Facebook due to the control they have over their software and applications. Ripple, known for its payment services facilitating cross-border payments, is \u201cno walled garden\u201d when compared to Facebook, noted Treacher. He added,\r\n\u201cYes it\u2019s a network, but it has no parameter. It connects with all of the players that want to use the technology.\u201d\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nLibra Would Be A \u201cThreat To Currencies.\u201d\r\nWhile the participation of a major Silicon Valley giant such as Facebook is a \u201creally good thing,\u201d Treacher stated that the ailing point for many governments was that Libra would be a \u201cthreat to currencies.\u201d\r\n\r\nAfter a closed-door meeting with global regulators on 16 September, Facebook\u2019s Chief Operating Officer [COO], Sheryl Sandberg, is expected to testify before the U.S. Congress in October to discuss Libra. According to a Bloomberg report, the social media mogul is negotiating details with the House Financial Services Committee to hold a hearing in October. According to other reports, Mark Zuckerberg, CEO of Facebook, has pushed the speculated date of launch for Libra, stating that it may not take place in 2020. This is an uncertainty that was highlighted by Facebook\u2019s own Q2 report as well.