Chapter 1989 Libra Project
Yang Cheng suddenly remembered, this guy wouldn't be targeting Yuanshan Bank, right?
In fact, the dirty thoughts in Xiao Zha's heart did not escape Yang Cheng's expectation. He did have the intention of cooperating with Yuanshan Bank.
Yuanshan Bank is among the first batch of experimental partner banks for Facebook Pay. Why? Because Xiao Zha once again had the idea of his Chinese wife.
Last year’s data scandal caused Facebook’s reputation to plummet. If Xiao Zha wants to restore his reputation, he will naturally have to rely on kind-hearted Chinese people. There is no other way. His wife is too shrewd, but from a human perspective, Xiao Zha’s character A cheap guy is far from worthy of Chen.
However, Yang Cheng may still underestimate Xiao Zha's ambition. Not only does he want to forcefully launch a payment system, but he is also preparing to create a cryptocurrency.
Zuckerberg said ambitiously, “In my plan, Facebook will launch its own currency system by 2020 at the latest, which I will name Project Libra.
Facebook will use the world's emerging blockchain technology to create an open financial ecosystem and provide so-called special financial services to the world by issuing cryptocurrency.
This project will not be run by ourselves alone, but will be jointly run by a number of major American companies and new companies including Visa, Uber, PayPal, eBay, Lyft and Spotify, sharing resources with Facebook and developing competitive services. Of course, I now formally invite you to join us and realize this great plan together. "
Yang Cheng was confused when he heard this. According to what he meant, Facebook not only planned to establish a headquarters in the United States, but would also open branches around the world to conduct cryptocurrency business locally. The ambition was staggering.
This is entirely an attempt to establish another completely reborn financial and monetary system outside of the existing financial and monetary markets, transactions, and regulatory policy systems in the United States that is free from traditional supervision and constraints.
Xiao Zha somewhat scolded Fang Qiu, "For Facebook, this may be a major strategic innovation and business expansion. As the world's leading social network platform, Facebook already has huge influence and is active every day. There are around 1.5 billion users, which is the basis of the Libra project.”
Yang Cheng couldn't help but remind, "Your plan will definitely have a huge impact on financial and monetary supervision and stability in the United States and even the world. It will also make more than 1,500 cryptocurrencies in the world more active. Do you think the ZF will use you to Plan?"
Xiao Zha defended, “We launched this cryptocurrency radicalization not to make money, but to innovate U.S. financial services. Without financial service innovation, U.S. sanctions may be at risk;
If the United States cannot quickly modernize its financial currency,
The global financial system could become fragmented;
If the United States fails to get ahead of the decentralization of the financial services industry, U.S. national security could be at risk. "
Yang Cheng felt a black line on his forehead when he heard this. Damn, this rhetoric is so familiar. It is completely the shameless rhetoric of Zheng Ke.
"Can you tell me about your plan? I have no idea~"
Xiao Zha thought Yang Cheng was interested, "The core of the Libra project is Libra, which is a disruptive digital currency between Bitcoin and PayPal, so I named it Libra. It can It exists as a balancing currency and platform.
While similar in functionality, Libra differs from PayPal and other competitors in that it is primarily aimed at unbanked users.
Unlike Bitcoin, the value of Libra is linked to currencies issued by the government, especially a basket of trusted currencies.
This means that Libra is not used to generate profits, but more like exchanging one dollar for one euro, or exchanging one currency for a more stable currency.
This currency can provide online business and financial services to the 1 billion people outside the banking system at the lowest cost. Just like the Internet once provided information to people at the lowest cost, we can achieve greater stability.
In addition, as part of the plan, we will form a partnership with various financial companies such as Visa and Mastercard, as well as online companies such as Spotify and Uber, to form a Swiss-based association to oversee the development of this new financial instrument.
The method to obtain it is very simple. It can be obtained through an electronic wallet application called 'Calibra'. Then users can use this application or other instant messaging software owned by Facebook that supports this application to communicate with the world. Anyone from anywhere can use Libra to transact, and they don’t even need a bank anymore. "
After Yang Cheng listened, his first impression was that Xiao Zha wanted to launch this long-gestating cryptocurrency plan, which had multiple strategic purposes. It wanted to seize and expand not the global Internet information position, but to expand into the financial and monetary fields. , in order to fully cooperate with the national strategy of "Making America Great Again".
If all goes well, as long as Facebook persists for 10 to 15 years, it can run half of the world and maintain the United States' leadership in digital currency.
Of course, this is a relatively ideal prediction. I am afraid that more people will face the Libra project and have deep worries or fears. After all, this is not what Facebook should do.
In fact, for ZF, the rise of global cryptocurrency is not a good thing.
But for Facebook, the most direct benefit of the Libra project is to achieve the same effect as WeChat in the West.
What goes further is to compete with the mainstream currencies of various countries.
This is what governments around the world need to be most vigilant about. At the end of the first decade of this century, with the rapid advancement of a new round of global information technology revolution, after the Internet, mobile Internet, Internet of Things, big data, and cloud computing, another new wave of Out of the blockchain.
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. In a sense, it is a revolution of the open, shared, and interconnected traditional Internet.
In 2008, a mysterious scientist with the pseudonym Satoshi Nakamoto published a sensational article "Bitcoin: A Peer-to-Peer Electronic Cash System". Since then, blockchain technology has emerged, and a brand-new global currency has emerged. Digital currency-Bitcoin also emerged.
Bitcoin is particularly mysterious because it is a cryptocurrency. Although it is still not known and used by most people, it has been quietly growing and spreading, and its price continues to soar.
As a brand-new digital currency, Bitcoin is different from various locally recycled virtual currencies in the virtual world, and also different from the early electronic currency named and priced based on the weight of gold - digital gold currency. It mainly relies on P2P peer-to-peer Network technology relies on technologies such as verification and passwords to mine, create, issue, circulate and manage.
In theory, it is completely different from the existing gold and currencies in various countries around the world. It basically avoids the strict approval and supervision of traditional official financial and monetary institutions in various countries. It not only gives everyone the right to mine, create and trade, but also Such currencies can be issued.
A Bitcoin has caused governments around the world to scratch their heads. How about a Libra coin, based on a platform with such wide influence as Facebook? Once the implementation is successful, will it be a big deal?
As we all know, the minting, issuance and market circulation of currency in any country in the world has always been an extremely serious matter and is subject to very strict supervision.
If there is a problem with the currency, the national economy will be in chaos and even cause social unrest.
Blockchain and Bitcoin have their innovative and positive aspects in terms of human technological innovation, privacy protection, convenient traceability and breaking up currency monopolies, but they are a huge subversion of global governance and the traditional management of countries.
But some people boast that cryptocurrencies are incredible, and the price of Bitcoin has indeed risen from the earliest tens of dollars to hundreds and thousands of dollars. It has more than doubled in the last two years alone. If we continue to let it go crazy, It is estimated that after a short correction, it is not impossible to reach $20,000.
It is not clear to the outside world who is engaged in Bitcoin, and financial, monetary and network security regulatory authorities in various countries may not know it either.
The scary thing is that after Bitcoin, various cryptocurrencies such as Ethereum have emerged in the world, and Ethereum and others are still being upgraded.
Ethereum is an open source public blockchain platform with smart contract functions. It provides a decentralized Ethereum virtual machine to process peer-to-peer contracts through its dedicated cryptocurrency Ethereum. In some aspects, it is more advanced than the earliest Bitcoin.
Ethereum is now the second largest cryptocurrency after Bitcoin.
According to reports, the number of various cryptocurrencies in the world has increased to more than 1,500, and their creation systems, platforms, logos, transactions, circulation, service models, etc. are diverse.
Due to the lack of strict supervision, coupled with problems such as network hacker attacks and insufficient technical security, the international cryptocurrency problem is quite serious.
Currently, approximately 1/4 of Bitcoin users and nearly half of all Bitcoin transactions are involved in illegal transactions and activities.
About US$76 billion in illegal activities globally involve Bitcoin every year, which is close to the transaction size of the illegal drug markets in Europe and the United States.
Some experts believe that if global consensus and regulatory decision-making actions cannot be formed as soon as possible on cryptocurrencies such as Bitcoin and Ethereum, the consequences and risks will be difficult to imagine.
Judging from the current situation, there is a certain international consensus on cryptocurrency, but it is far from enough.
Countries with relatively developed digital technology and digital economy, such as Germany and RB, have their own understanding and understanding of cryptocurrency and do not advocate complete suppression and ban. However, more countries, especially those with underdeveloped economies, technologies and markets, are very worried and anxious. , requiring these cryptocurrencies to be declared and subject to comprehensive supervision in accordance with traditional financial and currency regulatory policies and regulations for their survival, issuance, and circulation.
For example, Yilang has clearly stated laws and regulations. It is illegal to trade Bitcoin in Yilang, and it is also prohibited to sell Bitcoin.
Under such circumstances, Xiao Zha bucked the trend. Was he too ambitious, or was his brain broken?
With Facebook's influence, it is equivalent to starting a 400-meter race at 200 meters. Even if Bitcoin and Ethereum run 10 seconds first, it will be difficult to offset Facebook's advantage.
Will the governments of various countries let Xiao Zha's strong attitude be tolerated? Yang Cheng is skeptical.
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