In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Statista estimates Meta (FB) generated $114.93 billion in advertising revenue in 2021. Facebook’s ad revenues grew from $84.169 billion in 2020 and $69.655 billion in 2019. I consider Facebook a pandemic-resistant business because of the advertising revenue.
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Novi is an app that allows any user to buy Pax Dollars (USDP) and send them to users in other countries. Currently, Novi is only available in the US and Guatemala. You can download Novi from the App Store and the Google Play Store. Users can sign up for Novi with their phone numbers. They are currently placing Novi users on a waitlist.
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The difference between the CBDC and current digital versions of the dollar is that the Fed itself will create the Digital Dollar. Thus, the Federal Reserve will control the supply of a U.S. Central bank digital currency.
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Disturbingly, coronavirus could drive adoption of WhatsApp payments in Brazil. To explain, people could be afraid to use cash because COVID-19 could infect paper money.
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C Labs claims the Celo Wallet will work like Venmo. Venmo is the popular peer-to-peer (P2P) app owned by PayPal. Thus, Celo is an R&D effort trying to create consumer products that a central bank could use.
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Therefore, Mark Zuckerberg’s social media empire makes more money than Amazon. However, Amazon generates more cash than Facebook.
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However, Facebook’s manipulation of voters; like Russiagate, is gospel in the Democratic Establishment. Hence, we will get a year; or more, of increasingly nonsensical Democratic attacks on fellow Democrat Zuckerberg and his company.
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Durov intended TON as social media for money. To explain, TON’s goal, like Libra’s, is to enable anybody to send funds anywhere in the world at the press of app.
Thus, TON offers a totally offers a new model of finance, a decentralized currency anybody could access. Libra, however, extends the current finance system of centralized banking into the blockchain. In fact, I think the Libra Association looks like a global Central Bank.
Facebook (NASDAQ: FB) unveiled its Libra cryptocurrency proposal in June to much fanfare and controversy. Fascinatingly, an unconfirmed rumor claims Facebook employees working on the Libra
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The organization that will administer Libra, the Libra Association, looks like a central bank
To explain, a central bank issues currency, backs currency with a reserve, and regulates and administers the ecosystem that distributes the currency. Beyond that a central bank acts a a bank for other banks. I think the Libra Association looks like a Central Bank for global electronic payments systems like Visa and PayPal.
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