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Lowell Ponte, FACEBOOK VALUE GOES CRYPTO, Libra Facebook World Currency Grab, Enter the MatriXX, End of Autonomy and Financial Privacy, Libra Not at True Private Crypto-Currency, Facebook a Tentacle of the Beast Fiancial System of ,NWO New World Order, Basket of Currencies Paper and No Privacy, Virtual World Project, Schriver AFB Colorado, World Cybercage, Internet of Things, People as Nodes in MatriXX,Dr Bill Deagle MD AAEM ACAM A4M, NutriMedical Report Show, www.NutriMedical.com, www.ClayandIRON.com, www.Deagle-Network.com,NutriMedical Report Show,   THE MONEY PIT FACEBOOK VALUE GOES CRYPTO Lowell Ponte warns what might happen if social-media giant enters realm of currency WND.com, June 16, 2019 URL: https://www.wnd.com/2019/06/facebook-value-goes-crypto/ Facebook, the social network, announced on Jan. 30, 2018, that it would ban all ads for Bitcoin and other cryptocurrencies in order to stop promotions that it sees as “frequently associated with misleading or deceptive promotional practices.” But, as the New York Times reported about this story, “Mark Zuckerberg, Facebook’s chief executive, has recently expressed an interest in digital currencies … studying how to introduce cryptocurrency to his company.” Zuckerberg said that cryptocurrency would “take power from centralized systems and put it back into people’s hands.” Eighteen months later, on June 18, Facebook planned to issue a White Paper unveiling details of its own cryptocurrency, to be known as GlobalCoin or after Facebook’s secret project Libra. Facebook, which plans to launch the Libra cryptocurrency early next year, already has more than a dozen partners. The Wall Street Journal names Visa Inc.; Mastercard Inc.; PayPal Holdings Inc.; Uber Technologies Inc.; financial-technology firm Stripe Inc.; travel-reservation site Booking.com; and Argentina-based e-commerce site Mercado-Libre Inc. (“free market” in Spanish). Each project contributor is to invest roughly $10 million in a consortium that will govern the Libra coin. Unlike wildly speculative cryptocurrencies such as Bitcoin, the Libra will be a “stablecoin” whose value is reliably pegged to a “basket`” of various government paper fiat currencies, as well as low-risk stocks, and perhaps even gold to provide the new coin counter-cyclic insurance. Facebook reportedly will help establish a reserve fund worth more than $1 billion to back the Libra coin, much as national banks such as the Federal Reserve do. Can Facebook, a widely-distrusted private company, acting somewhat like a central bank, create a reliable currency that people will trust? Facebook every month has almost 2.4 billion customers (even after purging 2.19 billion fake accounts earlier this year) using at least one of its three owned web platforms – Facebook, Messenger and WhatsApp. On the day it launches, Libra will have a larger customer base than most of the world’s central banks. This could be the entire population of every nation south of Earth’s equator plus India – one-third of humankind. For information regarding your data privacy, visit Acast.com/privacy See acast.com/privacy for privacy and opt-out information.