The #Libra Association has announced it’s planned for a simple global currency and financial infrastructure.
Find out more https://libra.org/en-US/
The #Libra Association is today announcing plans for a simple global currency and financial infrastructure. Find out more https://t.co/VPS7LllcNn #blockchain #cryptocurrency pic.twitter.com/mdHymhsrcH
— Libra (@Libra_) June 18, 2019
The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project.
Though it seems that even though PayPal may have stepped out of the picture, Facebook is now taking that place. Facebook CEO Mark Zuckerberg is set to testify before the House Financial Services Committee over the platform’s plans to implement its own digital currency. Sources close to the matter this week said Zuckerberg will be the only witness at the hearing later this month.
Though online currency makes people feel uneasy pure and simple is due to the unpredictability and the wild market cycles of similar currencies like Bitcoin. This makes Global regulators wary of how digital currency will impact the financial system. The Libra currency was created to boost e-commerce and advertisements within Facebook with plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress. The real concern is that Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data it is also agreed that Congress and regulators have the opportunity to examine the consequences of what happens if Facebook creates such a currency.
Moving money around globally should be as easy, cost-effective and even more secure than sending a text message or sharing a photo — no matter where you live, what you do, or how much you earn. https://t.co/Eea4vMKYlv #Libra #FinancialInclusion #blockchain #cryptocurrency pic.twitter.com/WXw9Rypxmj
— Libra (@Libra_) June 20, 2019
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But when CNN moderator turned to Gabbard as “the person on stage who served” in Iraq, Gabbard declared: “We were all lied to.” “This is the betrayal . . . betrayal to the American people,” she said. “To me, to my fellow service members, we were lied to, told [Saddam] Hussein had weapons of mass destruction and working with al-Qaida and posed a threat to the American people.” “The problem is that this current president is continuing to betray us,” she charged. “Over years now, not only have we not gone after al-Qaida, who is stronger today than 9/11, our president is supporting al-Qaida.” “I did make a bad judgment trusting the President [George W. Bush] saying he was only doing this to get inspectors in and get the UN to agree,” he said. Vice President Joe Biden was challenged about his vote to go to war in Iraq while he served in the Senate. Rep. Tulsi Gabbard, D-Hawaii, said Wednesday night the nation and military were “lied to” about the need to go to war with Iraq.
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