Can Telegram’s TON Compete with Facebook’s Project Libra?

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.

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There is nothing original about Facebook’s Project Libra

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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Who is behind Project Libra and is it a Global Central Bank?

I conclude that the Libra Project is a separate organization from Facebook. Instead of running Libra, Facebook merely participates in it. Why would Facebook set up a separate company for its digital wallet if it controlled Libra?

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Facebook Employees could be paid in LIBRA Cryptocurrency

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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Is Alibaba Making Money?

I think Alibaba is the better growth stock because of its faster rate of growth and lower price. However, Amazon could be safer because the Everything Store is based in a country with more stability.

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Why China owns the 21st Century, it’s the Data

Data is now the world’s most important resource and China has the largest supply of it.

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Square vs PayPal which is the better Investment?

Given these numbers, payment processors are a value investment because they are cash-rich. PayPal is a very cash-rich company now, but Square could grow into a cash-rich company.

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No Cryptocurrency is not Coming to Apple Pay, soon

“We’re watching cryptocurrency,” Jennifer Bailey, reportedly said to Christine Romans. “We think it’s interesting. We think it has interesting long-term potential.”

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Does Investment Banking make money at Lazard and Goldman Sachs?

Therefore, Goldman Sachs increasingly views itself as an engineering company rather than a traditional investment bank. Current engineering projects at Goldman include cryptocurrency and Marcus an artificial intelligence (AI) that offers saving accounts and personal loans.

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