Nobody knows for sure, but there are some interesting facts starting to pile up as it pertains to the social media giant and financial services. It is a fact that Facebook is exploring various partnerships to create a financial ecosystem, launched the merchant platform to compete with classified ads, and is actively pursuing launching its own cryptocurrency.
Perhaps this is the biggest motivation of all – the fact that banks earn about $700 per user per year and Facebook earns less than $10 in revenue per year per user.
‘Project Libra’ is the code name for Facebook’s cryptocurrency project. More information is found here on that project.
On June 18th Facebook released the White Paper for Libra to much press coverage and hype. Zerohedge.com published an analysis that a takes a very interesting look at what some of the motivations are behind the launch and bigger trends overall.
Congress And Facebook Libra
The announcements around the launch of Libra seem so coordinated that one must ask if this is all already planned for and blessed behind the scenes by the powers that be. Facebook announces a Libra coin and the vast majority of the mainstream media praise it profusely and even start discussing openly the prospect of stripping money printing away from the government and central banks. Then, of course Congress chimes in.
Congress formally requested that Facebook stop the roll out of Libra. One must ask if this is simply putting some sort of resistance on the table officially even though the government has no intention if stopping the company from rolling it out. In fact, perhaps the government wants Facebook to chip away at the burden of managing the world’s reserve currency. Forbes.com dives into the Libra issue and Congressional action or inaction in a recent article.
Heck, even the Bank For International Settlements is now openly praising cryptocurrencies.
Conversation Starters: https://www.interestingfacts.org/category/conversation-starters
General Knowledge: https://www.interestingfacts.org/category/general-knowledge
Nature Facts: https://www.interestingfacts.org/category/nature-facts
World Facts: https://www.interestingfacts.org/category/world-facts
Science Facts: https://www.interestingfacts.org/category/science-facts
Definitions: https://www.interestingfacts.org/category/definition
Planets: https://www.interestingfacts.org/category/facts-about-planets
Nutrition Facts: https://www.interestingfacts.org/category/nutrition-facts
Quotes: https://www.interestingfacts.org/category/quotes
Things To Do: https://www.seatsforeveryone.com/blog
The appeal of cashmere lies in its unmatched softness, timeless elegance, and remarkable durability. While…
In the fast-paced world of competitive gaming, precision is everything. Gamers train tirelessly to refine…
This guide explores effective ways to elevate the hotel guest experience, helping you deliver moments…
As 2025 draws near, the UK rental market is bound to change dramatically. With the…
A bicycle accident can leave you feeling overwhelmed and uncertain about the next steps to…
Achieving optimal print quality in 3D printing hinges on maintaining the correct nozzle temperature. Too…