So basically, their "blockchain" technology is a Ripple clone with the same objective of bypassing the current (but obsolete) underlying banking system like Swift, Clearstream, Euroclear, etc... And they do that because ultimately they want to prevent the expansion of WeChat in the west, specifically WeChat Pay. From the WeChat Wikipedia page, in the introduction one
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zobaczymy jaka bedzie wydajnosc smartcontracts na librze
Każdy kraj będzie musiał się nad tym zastanowić i jakieś regulacje mieć.
“Move” is a new programming language for implementing custom transaction logic and “smart contracts” on the Libra Blockchain.
Regulatory compliance
As part of its services, Calibra intends to follow various anti-money-laundering and know-your-customer regulations in the jurisdictions in which it conducts business, according to a fact sheet.
Calibra registered as a money service business with the U.S. Department of Treasury and is now working to acquire money transmitter licenses in U.S. states “that treat cryptocurrencies as the equivalent of money.”
The subsidiary also intends to follow guidelines issued
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Więc zapomnijcie o pompach.
#bitcoin #kryptowaluty
Czyli najpierw wchodzi fiat na zakup libry tj tether a potem ten fiat z rezerwy jest inwestowany jak poniżej
The actual assets will be a collection of low-volatility assets, including bank deposits and government securities in currencies from stable and reputable central banks. As the value of Libra will be effectively linked to a basket of fiat currencies, from the point of view of any specific currency,