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Libra Plus? A New Global Digital Currency Strategy for Facebook
India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.
India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.
STORY CONTINUES BELOW
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
Yesterday, The Information reported Facebook’s Calibra wallet would be abandoning the backed-by-a-basket-of-currencies Libra for a set of fiat-backed digital currencies for different regions. The company quickly amended that while it would be launching those fiat-based digital currencies, it isn't abandoning Libra. In this episode, @NLW argues these fiat digital currencies could be more readily adopted initially than Libra among Facebook’s existing user base.
Also on this episode, huge news out of India as its Supreme Court reverses a 2018 decision by the Reserve Bank of India to ban crypto banking. The move could breath life into an industry that has been largely shuttered in India since the initial ban.
Finally, a news roundup including a lawsuit against Twitter around de-platforming and a new router from HTC that can also run a bitcoin full node.
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
