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He explained, “I don't want to make it too theoretical but basically, there are a couple of different ways money can be set up.

finance affordable small businesses mutual funds ✌️【Remote Work】✌️Invest with ₹500 and earn up to 100% monthly. Start growing your money now!One is fiat money.

finance affordable small businesses mutual funds ✌️【Remote Work】✌️Start with ₹500 and earn up to 100% returns monthly. It’s fast and easy!The second is what I would call open money like say gold, or maybe potentially Bitcoin.

It depends on how Libra gets set up and what its value is pegged to, it's still very unclear what form it will take, and therefore it is unclear how it will be regulated.”For Cascarilla, the key takeaway is that Facebook, a company with 2.4 billion users, wants to use blockchain technology and move assets around.

He said, “That's hugely encouraging for the premise of having stablecoins, the premise of tokenizing assets—I think it demonstrates a vote of confidence in terms of how this technology can change the financial system and create inclusion.”Encouraging as it may be, Cascarilla reaffirmed that you cannot just create inclusion without also having some forms of regulation and protection and it is still not exactly clear how Libra will be regulated.

He said, “I think that's been partly what they have been trying to work through.

finance affordable small businesses mutual funds ✌️【Remote Work】✌️Invest ₹500 and let blockchain-powered tools grow your wealth!There's been a lot of uncertainty, so it's difficult to predict how it could affect us.

Financial Services is not a winner takes all industry, it's just too large—anything that can help push adoption and push us towards, I think, a more open system is something that we welcome very much.”Welcome to your premier source for the latest in AI, cryptocurrency, blockchain, and AI search tools—driving tomorrow's innovations today.Disclaimer: Blockchain.news provides content for informational purposes only.

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