As we expressed this morning the mistrust of the French Minister of Economy, Bruno Le Maire, towards the Libra cryptocurrency, which will certainly disrupt the economy of tomorrow. See the article in question by clicking here.
This time it’s the US Senate that’s not very enthusiastic about seeing potential currency reach more than 2.3 billion people. Indeed, we remind you that this cryptocurrency will be usable on What’s App and Messenger.
But will certainly be usable on partners such as:
- Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
- Technologies and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
- Telecommunications: Iliad, Vodafone Group
- Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
- Venture capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
- Non-profit organizations, multilateral organizations and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Bankin
If you want to learn more about the Libra, click here to see a short analysis of the whitepaper.
This currency will be beyond the control of central banks, and potentially the tax authorities.
Sherrod Brown, the American senator who sits on the Senate Banking Committee, considers that Facebook has become “too big and too powerful” and doesn’t want to allow Facebook to manage a new currency that could end up on “a Swiss bank account under surveillance“.
Great Britain remains attentive but skeptical.
The Governor of the Central Bank of Great Britain wants this cryptocurrency to be subject to the strictest regulatory standards. Others are more skeptical about the success of this currency, one of the officials of the Financial Conduct Authority ensures that the country already has a cheap, fast and efficient payment system.
To be continued.