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Viewpoint: Facebook’s Libra Cryptocurrency Could Be Great, if Not for Facebook
Libra is the evolution of that early goal, now with grander ambitions. Facebook wants to completely reshape how people make online payments. By detaching from currencies like the U.S. dollar, Libra could bring instant, low-cost digital payments and transfers to anyone with a phone
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- Finance, Technology
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Viewpoint: Who’s Going to Use the Big Bad Libra?
There is so much to write about Libra, and so much which has already been written misses the mark, mostly, I think, because most pundits haven’t spent much time in the developing world, which is very clearly the target market here.
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- Finance, Technology
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Facebook’s Crypto Launch Partner Kiva Is Introducing a Refugee Investment Fund
The fund will be part of Kiva Capital Management, a new shop that will join what the Global Impact Investing Network estimates as the $502 billion market for investments aimed at positive social change.
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- Finance
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Facebook Plans Own Mobile Money Wallet Based on New Libra Currency
Facebook has released more details of its planned currency Libra. The first product will be a digital wallet designed to make it easy to save, spend and transfer money over the internet. The wallet will be available in Messenger, WhatsApp and as a standalone app, with an expected launch in 2020, the company said.
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- Finance, Technology
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How to Become a Founding Member of the Libra Association
To be a validator node and founding member, organizations will need to meet technical requirements and specific evaluation criteria. If the conditions are met, upon approval, the Enterprise will have to make an initial minimum investment of $10 million worth of Libra Investment Tokens issued by the Association. Nonprofits will not be required to make the initial investment.
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- Finance
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Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked
Customers interested in holding or transferring Facebook’s newly-announced Libra token will be given a number of options to do so, the company announced Tuesday, with an initial focus on international remittances.
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- Finance
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How This Entrepreneur Wants To Connect Africa’s Economy To The World Using Diamonds
“If Africa manages to ride the crypto wave on time, then the opportunities are endless. They’ve already got an infrastructure self-designed to accommodate electronic money; now they just need to embrace decentralisation,” says Jeremy Dahan.
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- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency
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Perspective: Will Facebook Make Crypto Relevant For The Underserved?
Earlier this month, the WSJ reported that Facebook is building a team and getting its crypto ducks in a row to launch a “cryptocurrency-based payments system on the back of its gigantic social network.” Public details on the effort are thin and may have been outshone by news that one of Facebook’s co-founders is calling for the company to break up. But the fintech world is predictably aflutter about the perils and opportunities of a brand new digital coin that could allow users to hold and send money safely and securely to nearly every socially networked person on the planet.
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- Finance, Technology
- Region
- South Asia
- Tags
- cryptocurrency, fintech