Facebook introduced a new cryptocurrency, Libra, that's set to launch early next year. It will be backed by fiat currency and managed independently of FB. You can read the whitepaper here. Regardless of what you think about Facebook, it is an immoveable force in the world of big tech. The social media giant Tuesday unveiled Libra, a global payments system based on cryptocurrency. When it launches next year, the gated community of 2 billion will soon have its own currency. And the global payments world will never be the same. Many technology companies tout their scale. Netflix (NFLX), Amazon.com (AMZN), Alphabet (GOOGL) and Apple (AAPL) succeed because managers have been able to cobble together huge, functional platforms filled with mostly happy customers. This is not easy. Well-heeled rivals have cropped up occasionally. But despite their ...To read the rest of Jon Markman’s article, click here...
Digital transformation of business creates dazzling new winners
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