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Libra Plus? A New Global Digital Currency Strategy For Facebook

Libra Plus? A New Global Digital Currency Strategy For Facebook

FromThe Breakdown


Libra Plus? A New Global Digital Currency Strategy For Facebook

FromThe Breakdown

ratings:
Length:
16 minutes
Released:
Mar 5, 2020
Format:
Podcast episode

Description

Yesterday, The Information reported that Facebook’s Calibra wallet would be abandoning the backed-by-a-basket-of-currencies Libra for a set of fiat-backed digital currencies for different regions. The company quickly amended that while they would be launching those fiat-based digital currencies, they weren’t abandoning Libra. In this episode, @NLW argues that these fiat digital currencies could be more readily adopted initially than Libra among Facebook’s existing user base.  Also on this episode, huge news out of India, as the Supreme Court reverses a decision by the Reserve Bank of India from 2018 to ban crypto banking. The move could breath life into an industry which has largely shuttered in India since the initial ban.  Finally, a news roundup including a lawsuit against Twitter around deplatforming and a new router from HTC that can also run a bitcoin full node.   
Released:
Mar 5, 2020
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.