Facebook’s Libra pitches to be the future of money in 2020
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Spend your Dirty Money through Libra. [It is a hugely ambitious - some might say megalomaniacal - project to create a new global currency. Facebook's David Marcus tells me it is about giving billions of people more freedom with money and "righting the many wrongs of the present system".] [What is not clear is how exactly Libra will go through the complex business of verifying the identity of these people to comply with anti-money laundering regulations, without incurring lots of costs.] https://www.bbc.co.uk/news/technology-48667525 This tech reporter for the BBC Rory recently found out he sadly has Parkinson's Disease |
Megalomania
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Facebook has now said
it may delay the start of Libra Money to meet the USA Government money requirements. Ref: CNN Business HD https://pbs.twimg.com/media/D_slQFwXoAA7PTs.jpg |
[Mastercard, Visa, eBay and payments firm Stripe have pulled out of Facebook’s embattled cryptocurrency project, Libra. ]
It represents a huge blow to the social network’s plans to launch what it envisions as a global currency. The project has drawn heavy scrutiny from regulators and politicians, particularly in the USA.] He needs to settle why they are not with him................ https://www.bbc.co.uk/news/technology-50023008 |
I wish they'd just leave certain thing as they are.. money is fine, everyone understands it and accepts it the way it is.. why bother changing it
I sound like an old granny saying that :joker: |
Reminds me of Ecoin from Mr Robot lol
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[Facebook is reportedly rethinking
its plans for its own digital currency after resistance from regulators. It is now considering a system with digital versions of established currencies, including the dollar and the Euro, according to Bloomberg and tech site The Information.] https://www.bbc.co.uk/news/business-51730772 |
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