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Bitcoin Daily: Rhode Island’s Blockchain Act Aims For Crypto Rules Too; Rapper Akon Details Crypto Plans

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His whitepaper indicates that Akoins will work as “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. The Akoin Utility Token is the exclusive currency of the Akoin ecosystem.

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

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Square Cash enables P2P payments and takes in funds – now including bitcoin deposits. And particuarly when none of the other commerce ecosystems, including WeChat, felt the need to create an entirely new payments network and digital currency to ignite commerce on their platforms. The same holds true in developing countries.

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A Brief History Of Libra

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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. Nearly half of the world’s unbanked population lives in one of seven countries: Bangladesh, China, India, Indonesia, Mexico, Nigeria and Pakistan.

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What We’ve Learned From Libra

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As part of that narrative, Marcus recently told regulators that Libra really isn’t a new currency, but that it is a “better payment network utilizing national currencies to deliver meaningful value to consumers all over the world.”. Except that’s not what the Libra whitepaper says. It was a tough sell at launch.