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Nonblacked out economy, you should be able to buy stuff online but you can't because it's hard to get your currency online. in this case they're going to be making a currency that you can move into. >> think of people who use ven mow or paypal. you can't do that in this case. >> the thing that's most important to point out is that list of companies you were naming, uber spotify, visa and master card, there are no banks on that list. that's what facebook is going to be doing. they're going to become their own bank, a central reserve. the word reserve is in there. you know who has central reserv...
Scrutiny regarding user protection and data protection, facebook is getting into the banking business. it's starting the launch of its own digital currency. most people think bitcoin when they hear digital currency and there are major differences between bitcoin and what facebook wants to do. most crytocurrencies are decentralized in nature, existing outside of any regulation or backing by a central government or even organization. libre will be overseen by a nonprofit based in geneva, something called the libra association. most people might be apprehensive so it created the libra association...