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Facebook’s Libra currency to launch next year in limited format
- tzm 6y agoArticle https://archive.is/Ny044 https://archive.is/Ny044
- thedudeabides5 6y agoThese tech giants are now becoming banks. And what’s that worth... Maybe the valuations are right.
- esotericimpl 6y agoBanking valuations are significantly lower than tech orgs by revenue.
- anongraddebt 6y agoMulti-national corporations as pseudo central banks is likely one of the many end points of globalization. Much like globalization, it is neither good nor bad, it just is - and is so for reasons of inevitability. The nation-state was always a sort of imagined reality. Though, I'm uncertain much can be drawn from that fact.
- toomuchtodo 6y agoTransferWise already allows me to hold a plethora of currencies. Does that make them a central bank? No, just a financial OS. Central banks back currencies, everyone else is just a service provider.
- bko 6y agoHow is issuing a crypto currency backed 1 to 1 to USD with reserves acting as a pseudo central bank?
- pksebben 6y agonot yet it's not, but once upon a time, the dollar was backed by precious metals. Not a terribly outrageous leap.