Facebook's Libra is a Banker's Nightmare and the Banks Will Fight Back

Written by fawazshak | Published 2019/12/30
Tech Story Tags: facebook | facebook-libra | banks | hackernoon-top-story | decentralized-finance | fintech-top-story | blockchain-top-story | impact-of-libra-on-finance

TLDR Bitcoin is a currency beyond the control of the central banks. Bitcoin’s value is determined by supply and demand and not a centralized controlling authority. In July 2015, Vitalik Buterin created a brand-new economic model for the world: ICOs – Initial Coin Offering. There are over 86,000 active blockchain projects world-wide (at the time of publishing). There is an insatiable appetite for products and services beyond what banks are offering today. In April, 2018, JP Morgan issued a report “Blockchain and the Decentralization Revolution”via the TL;DR App

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Written by fawazshak | LinkedIN: Fawaz Shakralla
Published by HackerNoon on 2019/12/30