The #Libra Association has announced it’s planned for a simple global currency and financial infrastructure.
Find out more https://libra.org/en-US/
The #Libra Association is today announcing plans for a simple global currency and financial infrastructure. Find out more https://t.co/VPS7LllcNn #blockchain #cryptocurrency pic.twitter.com/mdHymhsrcH
— Libra (@Libra_) June 18, 2019
The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project.
Though it seems that even though PayPal may have stepped out of the picture, Facebook is now taking that place. Facebook CEO Mark Zuckerberg is set to testify before the House Financial Services Committee over the platform’s plans to implement its own digital currency. Sources close to the matter this week said Zuckerberg will be the only witness at the hearing later this month.
Though online currency makes people feel uneasy pure and simple is due to the unpredictability and the wild market cycles of similar currencies like Bitcoin. This makes Global regulators wary of how digital currency will impact the financial system. The Libra currency was created to boost e-commerce and advertisements within Facebook with plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress. The real concern is that Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data it is also agreed that Congress and regulators have the opportunity to examine the consequences of what happens if Facebook creates such a currency.
Moving money around globally should be as easy, cost-effective and even more secure than sending a text message or sharing a photo — no matter where you live, what you do, or how much you earn. https://t.co/Eea4vMKYlv #Libra #FinancialInclusion #blockchain #cryptocurrency pic.twitter.com/WXw9Rypxmj
— Libra (@Libra_) June 20, 2019
What do you think?
Help Support Peter Boykin and Maga First News:
Join SubscribeStar at https://www.subscribestar.com/peterboykin
Join Patreon at https://www.patreon.com/peterboykin
or One Time Donation at https://www.paypal.me/magafirstnews
Follow – Peter Boykin
at Telegram – https://www.T.Me/PeterBoykin
at Facebook – https://www.Facebook.com/PeterRobertBoykin
at YouTube – https://www.YouTube.com/PeterBoykin
at Reddit https://www.reddit.com/user/peterboykin/
at Instagram https://www.instagram.com/peterboykin
Purchase Peter Boykin’s Book #RussiaGate: Truth, Post-Truth, or Damned Lies?!
“I agree with my fellow members of the Washington delegation that, as we have learned about the gravity of the potential threats to our democracy identified in special counsel Mueller’s report, it has become clear that the House should begin proceedings to determine whether the president’s action necessitate impeachment,” Murray said in a statement shared on her website. Sen. Patty Murray, D-Wash., on Sunday supported an impeachment inquiry of President Donald Trump, a decision fueled by testimony provided by special counsel Robert Mueller last week. House Speaker Nancy Pelosi on Friday said the House would decide whether to begin proceedings, “when we have a best strongest possible case” and that such a decision “will be made in a timely fashion.” Murray, the No. 3 Senate Democrat, joins a growing list of Democrats pushing for impeachment, including all seven of Washington’s Democratic House members. Mueller in his testimony before the House Intelligence and Judiciary committees noted the 2000 Justice Department determination that “a sitting president is constitutionally immune from indictment and criminal prosecution.” He also said his team did not reach a determination whether Trump committed a crime.
“Somebody goes out and shoots somebody they are called a murderer. We all agree with that, put them away,” Sanders said at the fundraiser. “Put them away. But what happens if somebody runs a pharmaceutical industry and artificially jacks up the price…” In an interview on CNN’s “State of the Union,” host Jake Tapper noted that in Detroit on Saturday, Sanders made that case. “In the case of insulin, people are dying, the cost has soared in recent years and you have three companies that control over 90% of the insulin market.” “Murderers,” the crowd answered back. Democratic presidential primary candidate Sen. Bernie Sanders, I-Vt., on Sunday repeated his comparison of the pharmaceutical executives who jack up the prices of life-saving drugs to murderers. “This is a philosophical issue that we have to deal with,” Sanders said Sunday. “If I have a product that cost me a few dollars to make, and I jack up that price, and you can’t afford it, and you die, what do you call them?” he added. The Democratic socialist has pushed for Medicare for all.