Facebook’s Libra pitches to be the future of money in 2020

[arista]

https://ichef.bbci.co.uk/news/660/cpsprodpb/11486/production/_107409707_mediaitem107409703.jpg
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

[Twosugars]

Megalomania

[arista]

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

[arista]

[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

[Saph]

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:

[Scarlett.]

Reminds me of Ecoin from Mr Robot lol

[arista]

[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