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Facebook’s Libra May Target Latin America First
“Latin America is going to be on of the easiest markets for Facebook to test Libra,” said Anouk Pinchetti, a digital currency consultant, adding that Facebook may choose a Latin American country as its first expansion market. “Western Union is viewed as too costly for remittances and there is great proximity to the U.S. and Silicon Valley.”
- Categories
- Finance
- Region
- Latin America
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Does Facebook Need A Humanitarian Partner For Its New Digital Currency?
Libra, according to its website, wants to "reinvent" money by making a financial transaction as cheap and simple as "sending a text message or sharing a photo."
- Categories
- Finance, Technology
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G7 Urges Tough Libra Regulation, Agrees to Tax Digital Giants
In a summary of the informal G7 talks in Chantilly, north of Paris, the French presidency said the ministers and governors had agreed that “stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns”.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
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Zimbabwe Banned the US Dollar From Being Used so Local Bitcoin Demand Is Soaring Again
Bitcoin is back on the radar in Zimbabwe as the country’s economy continues to struggle.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- bitcoin, cryptocurrency
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What Facebucks Can Do for the Global Poor
Global, open, instant, and low cost: It sounds undeniably great. The status quo, while global, is hardly open, instant, or low cost. Still, Libra faces major challenges in becoming a preeminent financial tool of the global poor.
- Categories
- Finance, Technology
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Viewpoint: No, Facebook’s Libra Will Not Really Help The Unbanked
Ultimately, the aim of Libra is to be a truly mainstream cryptocurrency: a decentralized global form of payment that is as stable as the dollar, can be used to buy almost anything, and can support an entire range of financial products—from banking to loans to credit.
- Categories
- Finance
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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
- Categories
- 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.
- Categories
- Finance, Technology
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