Altcoins News
By Dan Saada
1 / 11
Bitcoin has not recovered too well, and it is going back to decline before the weekend. Apple is clear that they are not about coming up with their cryptocurrency.
2 / 11
Tim Cook, Apple Chief Executive, stated that it is not healthy for companies to compete with governments by coming up with their currencies.
3 / 11
Cook opines that it is not healthy about private companies by gaining power by issuing their own cryptocurrencies.
4 / 11
The topic is becoming the hottest in the discussion as Facebook's Libra has been threatening the sovereignty of nations.
5 / 11
With Libra, there is no creation of new money. The power to create money stays with the sovereign.
6 / 11
While the trends are such, it appears that PayPal might not be supporting Libra. The guesswork in this regard is happening as PayPal did not show up for a critical meeting…
7 / 11
It is a point of discussion that PayPal leaving the show will be a significant blow to the overall project scenario.
8 / 11
One of the PayPal spokesperson stated that he was worried about Facebook not having done enough to deal with the concerns of regulators about money laundering.
9 / 11
The spokesperson stated, “It doesn’t seem that there was a lot of pre-work done with regulators.
10 / 11
While PayPal seems to have backed down, none are denying the probability for PayPal rejoining the project in the future.
11 / 11
Dante Disparte, head of policy and communications for Libra Association, reinstated about their mission by stating: "This journey to building a generational payment network is…
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