Facebook’s Project Libra Archives

Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

daniel November 8, 2021November 8, 2021 Can Facebook and Pax Dollar cash in on Remittances?, Can the Pax Dollar grow with Facebook’s Novi?, Facebook (FB), Facebook (NASDAQ: FB), Facebook’s Project Libra, Novi, Novi wallet uses, Pax Dollar (USDP), Paxos Standard (PAX), What is the Pax Dollar (USDP)?, What Value Does the Pax Dollar Have?

Can the Pax Dollar (USDP) grow with Facebook’s Novi?

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.

Cryptocurrency

daniel October 17, 2019October 17, 2019 Dash (DASH), DASH’s Cryptocurrency Adoption Strategy, Facebook’s Project Libra, Is DASH Scalable?, Is DASH the Future of Cryptocurrency?, Is DASH the Template for Libra?, Libra, What Value Does DASH (DASH) Have?

Is DASH the Future of Cryptocurrency?

DASH and Libra represent different strategies for taking cryptocurrency to a mass market.

Market Commentary

daniel September 21, 2019September 21, 2019 a press release reveals. Importantly, Facebook’s Project Libra, How WhatsApp and Project Libra could take Venmo Global Fast, Libra Association, Payment Processors have a Lot of Cash, PayPal Holdings (NASDAQ: PYPL), PayPal is part of the Libra Association, PayPal looks beyond America with Project Libra, Project Libra, publicly traded payment technology companies, Square Inc. (NYSE: SQ), Square Inc. (NYSE: SQ) and PayPal Holdings (NASDAQ: PYPL), Square vs PayPal, The organization that will administer Libra, Which is Better Square or PayPal?

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.

Cryptocurrency

daniel August 15, 2019August 17, 2019 A Libra Stablecoin could Make Things Worse, A Scary Cryptocurrency Scenario, Could Project Libra Profit from Hyperinflation?, Facebook’s Project Libra, How Libra Could Destroy National Currencies, Is Cryptocurrency Really Money?, Libra Tokens, Private Currencies are Dangerous, Privately-issued currencies, Project Libra, Should We Allow Corporations and Banks to Issue Money?, Should we be Afraid of Private Money?, The Real Danger from Project Libra, Trump is right and wrong about Project Libra., Walmart (NYSE: WMT) cryptocurrency, What Value will Libra Have?, Will Libra be as Valuable as Facebook stock?

Is Cryptocurrency Really Money?

Libra could have an instant Coin Price of $182.44 or higher. To explain, that was Facebook’s stock price was on the morning of 15 July 2019.

Cryptocurrency

daniel June 26, 2019June 26, 2019 BABB (BAX), Bancor Network (BNT), Facebook could give Libra a Lot of Power, Facebook’s Project Libra, global central bank, Libra could add a lot of value to Facebook\, Libra Could be a Global Central Bank, Libra vs. Bancor, Lord John Maynard Keynes’ proposed global currency, Request Network (REQ), the Libra Association, There is nothing original about Facebook’s Project Libra, What we Don’t Know About about Project Libra

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.