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The governor of the Fed identifies the threat of a Pound
A member of the Board of Governors of the Federal Reserve has said that Pound of Facebook could present risks to consumers due to the lack of clarity on their rights with respect to the underlying assets of the token and the system in general. At the forum The Future of Money in the Digital Age in Washington, DC, Brainard described how the global projects of stablecoin raised regulatory concerns complexes that, in the best of cases, might delay the widely-anticipated launch of Libra in 2020 and, if not resolved, placed consumers and the order of international banking at the highest risk. Brainard evaluated several payment networks existing in digital platforms, such as Alibaba and WeChat, and pointed out that, according to some estimates, AliPay and WechatPay had handled more than $ 37 billion in mobile payments alone in 2018. The plans of a Pound of being “opacamente linked to a basket of currencies sovereign” further complicated things because it is not clear which users and forks right would be for those underlying assets, if any.
Le Maire, France’s attacking ambitions “policies” of Facebook with Pound
The minister of economy and finance of France said that Libra is “unacceptable”, calling it a intrusion in the political sovereignty of the state. In an opinion article, Bruno Le Maire, said that the project Pound of Facebook is usurping the sovereign right of states to issue their own currencies, which will have an impact dramatic and unexpected. Le Maire argued that Pound is a threat to national currencies in underdeveloped and developed countries, are also cited as a problem: “The monetary sovereignty of the states is based on freedom of choice of its citizens”. Le Maire said earlier that France would seek to block the Pound in the EU, like the minister of finance of Germany, Olaf Scholz.
Blockchain reaches Broadway: operator ticketing will use Blockchain IBM to avoid scams
Some of the largest in the industry theatre are looking for ways to make buying tickets more safely. The Shubert Organization, a major owner of theatres on Broadway, was associated with True Tickets, a startup based in Boston that offers a mobile solution for ticket sales running under the platform Blockchain IBM. The news of the partnership was revealed in a report of October 16 of Fast Company. True Tickets, which was selected to participate in the Accelerator Broadway Tech opening this summer, will see its ticketing service, integrated digital components of the business of sale of tickets of the organization, including Telecharge.com service and group discounts Broadway Inbound. According to the medium of communication, the details were a little vague, but the companies expect that the pilot will help reduce the risk of fraud. They also hope that buyers receive the tickets in their respective phones from the service, have the “guarantee” that they are real.
CIMB Bank Singapore and iTrust will implement the commercial financing of Blockchain
A bank branch in Singapore, the Group’s CIMB, one of the largest investment banks in asian, has completed its first transaction of commercial financing based on blockchain. The transaction is processed using blockchain and the platform of the Internet of things (IoT), developed by the local firm of commercial financing iTrust Trading according to reports. The transaction involves the financing of dairy products imported to China, and is expected to generate flows of transactions of up to US$ 100 million a year. With the security, transparency and visibility of iTrust for the documents and the load, CIMB expected to mitigate the risks associated with the financing of the commodity trade and to facilitate the extension of credit to its customers. As published, the technology provides all stakeholders with secure access and data integrity of digital documents that are recorded in a ledger distributed. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.