Libra Association Archives - Market Mad House

Market Mad House

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

Facebook Allies plan Libra Alternative Cryptocurrency Celo

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.

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 June 18, 2019May 19, 2021 Facebook Cryptocurrency, How the Global Central Bank could use Facebook, Is China Behind the Libra Project?, Is Libra a Global Currency?, Is the Libra Association a Global Central Bank?, Is the Libra Project a decentralized global central bank?, Libra Association, Libra Cryptocurrency, Libra Reserve, Project Libra, What is Project Libra?, Who is beyond Project Libra, Who is beyond Project Libra and is it a Global Central Bank?, Why the Global Central Bank will need Facebook \

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?