Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like... They know you more than yourself. And now your wallet too. Best AML!
While Facebook's Libra doesn't compete against any open, public, permissionless, borderless, neutral, censorship-resistant blockchains, it *will* compete against both retail banks and central banks. This is going to be fun to watch.
Facebook is rumored to launch their cryptocurrency, Libra, tomorrow which many believe could render Ripple/XRP useless.
Ripple not going down without a fight though — they just agreed to invest $50M in MoneyGram to accelerate adoption.
The token wars are upon us!
The most important part of the Facebook announcement is that every user of a Facebook property will get a digital wallet eventually.
Almost 1/3 of the world will be onboarded to cryptocurrencies.
This is incredibly bullish for Bitcoin.
We are now officially in the "bargaining" stage of the 5 stages of grief for traditional financial services.
In order to bargain, the financial industry made a deal with the devil and got a fake blockchain in return.
.@Ripple has struck a deal to invest up to $50 million in money transfer giant @MoneyGram, which in turn will use the $XRP currency as part of the startup's xRapid service. https://t.co/RqV1ualzGT @nikhileshde writes
It took less than 5 hours for European governments and central banks to start screaming about how Facebook’s cryptocurrency “can’t and must not” work 😂😂
https://t.co/iSGV1UFjHZ
┏┓
┃┃╱╲ in
┃╱╱╲╲ this
╱╱╭╮╲╲ house
▔▏┗┛▕▔ we
╱▔▔▔▔▔▔▔▔▔▔╲
convert fiat into Bitcoin
as often as possible
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Bitcoin broke $9,000 while I was away. Current increase from low is 50% per month. I should go away more often:)
Is Facebook's Libra a real blockchain? No.
Will it compete against #Bitcoin and truly open, public blockchains? Never. #LibreNotLibra
https://t.co/MQkpPUuedE
Took this in Havana this afternoon. Believe it or not, this is not a car show. It's a parking lot. https://t.co/oRSGaJoosC
**Breaking News**
Craig Wright has registered the copyright for the Libra whitepaper
Libra sounds fairly well designed as a permissioned system, but it is facing quite a few long-term challenges. Oh, and it's not a blockchain. https://t.co/B3pRC8860J
Binance Research Report - First Look: Libra - An in-depth review of Facebook's long-anticipated entry into cryptocurrency https://t.co/s4xlGDHVPb
European Central Bank President Mario Draghi just I hinted at new interest rate cuts and more QE.
Add in the May 2020 Bitcoin halving and you have the perfect storm.
Cut rates.
Print money.
Make BTC more scarce.
Long Bitcoin, Short the Bankers!🔥
Many ask whether I'm afraid the Government may try to assassinate me. Of course they will try. It's America for Christ's sake!!
Instagram, the Facebook owned company, is down today.
Also today Facebook announced their new coin, Libra.
Hopefully their financial network will not go down too!
Bitcoin has never gone down 🚀
Today, one of the largest organizations, one with 2 billion population (1/3 of the world's population), released their #crypto coin.
What are you doing with your organization?
A bank in Poland is using the public Ethereum blockchain to verify customer documents
https://ct.com/7lgu
Blockchain-based payments firm Ripple has entered a strategic partnership with MoneyGram, one of the largest payments firms in the world
https://ct.com/7lgm
A new insurance platform built on blockchain and AI tech has received new funding to apply the technologies to fraud detection and streamlining claims
https://ct.com/7lh7
Important Those Who Trade from INDIA 📌
There is a Big FUD Going on That IEPF ( Investor Education and Protection Fund ) Said to Ban CryptoCurrency in INDIA
But This is Just Another FUD ✋
What They Said is Just a Proposal, They Want BAN on CryptoCurrencies.
Things to Notice Here That RBI nor SEBI was a Part of This Meeting Where IEPF Said That They Want BAN on CryptoCurrency
(RBI & SEBI are Those Who's Decision is Most Important)
So Don't Panic Indian Traders.
Wait for The Official Announcement from Govt.
Also, IF We are Not Mistaken There is Supreme Court's Next Hearing Going to Happen on Mid July for The RBI's Crypto Bank Ban Matter
Keep an Eye on That Date.
Don't Believe FUD's & Shitty Media Updates
Just See What Govt. Comes Up With
Shoppers Drug Mart and blockchain firm TruTrace have partnered to run a pilot for tracking cannabis supply chains with blockchain tech
https://ct.com/7lgt
The IT subsidiary of South Korean tech giant Samsung is launching three new products aimed at addressing clients worries about blockchain
https://ct.com/7lhz
Social media giant Facebook has released the technical specs for its long-awaited cryptocurrency, dubbed Libra
https://ct.com/7li1
Blockchain software firm Digital Asset has partnered with Amazon Web Services Aurora to make its open-source smart contract language DAML more interoperable
https://ct.com/7lia
Microsoft and Salesforce are among this month’s new Hyperledger members, Brian Behlendorf told Cointelegraph
https://ct.com/7liq
#BTC 4Hr.
Dropped Right Till This Trend Line Support Now
IF This Support Gets Proper Respect Then $9300 Again Expected within 1 Day
Breakdown: Plz God No. Breakdown
IF Breaks Down Then $8500 - 8600 is What We Can Expect
The Fibonacci retracement technical analysis tool featured in popular chart analysis service TradingView reportedly contains a bug
https://ct.com/7lii
