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Cryptocurrency: Facebooks Libra

CRYPTO: The time when bank payments across national borders took five days is not yet over. But it does not cost five percent of the transaction anymore. But what about those without a bank account? Libra is driving development

Talk about "techlash". The reactions last year to the announcement of Facebook's planned "stablecoin", Libra, were violent. I attended self. This reflected negative perceptions of the parent company – a fear that Facebook would exploit consumer confidence in Libra to collect data about our use of it – and sell or exploit the data in its own interest to drive increased traffic to its platform.

To allay such concerns, Facebook created a separate subsidiary, Calibra, for . . .

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