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The 4 Key Clues To Understanding The Future Of Facebook’s Libra

PYMNTS

The Facebook Libra whitepaper states that Association Members must agree to operate as validators on the network. What isn’t helping – and I am sure that Facebook has had this same thought – is bitcoin’s surge post-Libra’s launch. Among other things, that will depend on what it means to be an Association Member.

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What Is Blockchain Technology?

CB Insights

As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). It will also define Bitcoin, Ethereum, blockchain broadly, and initial coin offerings, and highlight promising use cases for the technology. What is Bitcoin?

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If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

Square Cash enables P2P payments and takes in funds – now including bitcoin deposits. The Facebook Libra whitepaper states that Association Members must agree to operate as validators on the network. What isn’t helping – and I am sure that Facebook has had this same thought – is bitcoin’s surge post-Libra’s launch.

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A Brief History Of Libra

PYMNTS

To ward off the currency speculators that have tended to plague high-profile crypto projects like bitcoin , Libra will be a stablecoin, with its value pegged to the U.S. We want, and need, governments, central banks, regulators, nonprofits and other stakeholders at the table and value all of the feedback we have received,” he said.

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What We’ve Learned From Libra

PYMNTS

The potential for an association of private companies, conceived by Facebook, to operate a network and a currency that could usurp the power of central banks and governments to make fiscal and monetary policy has proven a bridge too far for them to cross. Except that’s not what the Libra whitepaper says.