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For Non-Profits Working With Facebook, Libra Isn’t Such a Crazy Idea
Were these do-gooding organizations brought on as mere window-dressing? Women’s World Banking and Mercy Corps tell CoinDesk they won’t stick around if their missions aren’t served by Libra.
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UNICEF Now Accepting Donations Through Bitcoin and Ether
This system of decentralisation offers non-profit organisations the advantage of bypassing expensive fees and middlemen traditionally required to move large amounts of cash overseas quickly. But the virtual currencies have also been divisive.
- Categories
- Finance, Technology
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PayPal Is the First Company to Drop out of the Facebook-Led Libra Association
“PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations,” PayPal said in an emailed statement to TechCrunch.
- Categories
- Finance
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Inside-Out: The Good and the Bad of insight2impact
Does this situation sound familiar? A development program generates lots of intriguing insights – but once it's over, these learnings end up languishing in a sparsely read report in the back pages of a website. That’s the scenario insight2impact (i2i) aims to avoid. As the program wraps up, i2i lead Hennie Bester describes how it's bringing the insights it has generated, from both successes and failures, to the organizations that can use them – including through a new partnership with NextBillion.
- Categories
- Finance, NextBillion Originals
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Viewpoint: Libra Is an Opportunity to Leapfrog Chinese Fintech to Achieve Cashless Economy
Penetration into offshore markets could accomplish a long-coveted Communist Party goal — replacing the international prominence of the dollar with a yuan-based alternative. If widely adopted, Libra — whose backers include Visa, Mastercard and Paypal — could shut those doors forever.
- Categories
- Finance
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Viewpoint: Libra’s Top-Down Model Doesn’t Match Its Financial Inclusion Mission
Though the use of Libra to pay for a Spotify subscription, an outfit on Farfetch, or a holiday on Booking.com is certainly an on-ramp for mainstream adoption, the appeal and necessity of such services to the underbanked, as part of the currency’s underlying mission, is mismatched.
- Categories
- Finance
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Reserve Bank of India Allows Fintech Companies, Financial Institutions to Set up Regulatory Sandbox
The RBI said the RS fosters 'learning by doing' on all sides and regulators obtain first-hand empirical evidence on the benefits and risks of emerging technologies and their implications.
- Categories
- Finance
- Region
- South Asia
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‘Financial Innovation’ is no Frankenstein: How Impact Investors and Inclusive Finance Innovators Are Redefining the Term
For many, the words "financial innovation" spark memories of the banking malfeasance that led to the 2008 financial crisis. But as Paul Hailey at responsAbility Investments sees it, financial innovation has come a long way since then. He argues that innovative new investment products don't have to be "a monster lurching towards the village," and explores how they can enable both financial inclusion and investor returns.
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