>BLM Group Assaulted Man In His Own Neighborhood – The Police Come And Detain The Man Who Was Just Trying To Get Home
>The Washington State Youth Military Academy is not only Requiring masks but they won't admit students unless they have a covid vaccine.
>https://en.wikipedia.org/wiki/Diem_(digital_currency)
https://en.wikipedia.org/wiki/The_TerraMar_Project
https://twitter.com/diemassociation/
https://www.diem.com/en-us/updates/networks-general-counsel/
The Libra Association*, an independent member organization developing a blockchain-based payment system to support financial inclusion and responsible financial services innovation, is pleased to announce the appointment of Saumya Bhavsar as General Counsel of Libra Networks. Libra Networks, a wholly owned subsidiary of the Libra Association, will manage the operations of the licensed Libra payment system.
“I am thrilled to be joining the Libra Association as it progresses toward enabling a more inclusive global financial system,” said Saumya Bhavsar, General Counsel of Libra Networks. “Along with many in the banking industry, I have been watching the Libra project from afar and believe the Libra payment system is poised to transform the industry and enable unprecedented financial innovation and inclusion at a time when we need it most.”
Ms. Bhavsar brings two decades of leadership experience in financial services and deep expertise in legal, regulatory, and compliance matters to Libra Networks. Previously holding roles within top U.S. and EU banks and regulatory agencies, she is a skilled industry leader with experience shaping and managing global and regional financial services organizations through periods of significant strategic change. Most recently, Ms. Bhavsar served as a Managing Director, Global Head of Regulatory Affairs and Group Head of the Data Protection Office at Credit Suisse.
“Saumya is a strategic leader with demonstrated ability and success in legal, regulatory and operational roles in one of the most highly-regulated industries,” said James Emmett, Managing Director of Libra Networks. “I am looking forward to working with Saumya and know that her expertise will be crucial in launching and managing a compliant payment system.”
>Libra payment system
https://www.nbcnews.com/tech/tech-news/facebook-launch-digital-currency-libra-effort-create-new-payment-system-n1018576
Facebook to launch digital currency, Libra, in effort to create new global payment system
The project is the biggest step of any major corporation into the emerging realms of digital currency and blockchain technology.
Facebook is going into the banking business.
The social networking company on Tuesday said it plans to help launch a digital currency in 2020, marking one of the company’s most aggressive moves yet to push beyond digital advertising.
A new nonprofit group based in Geneva, the Libra Association, will oversee the currency, called Libra. It will initially be backed by Facebook’s expertise but governed by 28 founding partners including payment firms Visa and Mastercard and internet companies eBay, Spotify and Uber.
Facebook said that it wants the currency to be available starting the first half of next year and that it believes many of the 2 billion people who are already on the company’s services will one day regularly use the new currency to buy things or send money internationally.
“The motivation for this is to effectively enable a simple global currency and financial infrastructure that empowers billions of people,” Dante Disparte, head of policy and communications for the Libra Association, told NBC News.
The project would bring a consumer-friendly version of digital currencies to smartphones around the world, potentially creating a way for people to easily transfer money, build credit and pay bills while avoiding costly fees. Libra is open source, meaning any company or person can build a business within its framework.
For example, a consumer could buy some Libra using dollars and save them in a digital wallet. That Libra could then be sent to a family member via WhatsApp messenger or used to pay a bill in a foreign country without having to worry about an exchange rate.
>Facebook to launch digital currency, Libra, in effort to create new global payment system
The project is the biggest step of any major corporation into the emerging realms of digital currency and blockchain technology, representing a vote of confidence that experiments in new forms of digital payments could be more than a passing fad. Blockchain is a decentralized system in which computers each contribute to a shared public ledger, allowing for secure transactions without a central authority.
Libra, named partly after a Roman unit for weight and currency, will have echoes of bitcoin, the popular cryptocurrency, but also some key differences — most notably that it will be governed by a central authority and that its value will be tied to other assets.
Facebook said it plans to offer financial services, possibly one day including loans, through a new subsidiary that specializes in Libra.
The price of bitcoin has rallied above $9,000 in recent days, the highest in more than a year, as news reports about Facebook’s plans raised expectations for digital currencies.
"Any cryptocurrency needs critical mass to have success, and you can't have more critical mass than Facebook,” said Jamie McCormick, managing director of Bitcoin Marketing, which helps companies launch products and services using cryptocurrencies. McCormick called Libra, “a very interesting development that will legitimize the industry.”
Facebook said it would keep data about people’s financial transactions separate from data about social networks, so that Libra information would not be used to target advertising on Facebook or Instagram.
Libra will not be exactly like bitcoin or other so-called cryptocurrencies that began emerging a decade ago. Cryptocurrencies are known for their decentralized nature, existing outside any central authority such as a government or large, corporate association.
And the Libra value will be pegged to a reserve of real, low-volatility assets, making it relatively stable compared to the notoriously fluctuating value of bitcoin, according to Facebook and the Libra Association. The reserve, or “basket,” will have assets “like bank deposits and government securities in currencies from stable and reputable central banks,” Facebook said.
The Libra could be useful to people who don’t have easy access to banking services or cash, such as people in crisis immediately after a natural disaster or other unstable situations, said Pete Lewis, a spokesman for Mercy Corps, a humanitarian organization that signed up as one of the 28 founding partners for the Libra Association.
“A low-volatility currency could provide financial stability for people struggling with conflict,” Lewis said in an interview, adding that the Libra could give people an alternative to currencies that are experiencing hyperinflation in a crisis.
Facebook's Calibra app will act as a virtual wallet for the new digital currency.
>A Per Diem, if you will.
>The Libra could be useful to people who don’t have easy access to banking services or cash, such as people in crisis immediately after a natural disaster or other unstable situations, said Pete Lewis, a spokesman for Mercy Corps, a humanitarian organization that signed up as one of the 28 founding partners for the Libra Association.
They'd never start the fire, would they.
>They'd never start the fire, would they.
ouch, right in the Huawei
>Give the fucking globalist tyrants a kick in the nuts.
if Nana touchy Any China tofu Unify at nacho
we don't really need a crowd to have a party
>baked potatoes
>Stick all three shots up your ass, Fausti.
on the FBI plane as Comey returns from LA after being fired