cryptocurrency (3)

First, let me introduce to you what is Libra. On June 18th, 2019, Facebook has officially announced its cryptocurrency which is Libra and this cryptocurrency can be used for buying things and sending money to people with nearly zero fees.

The project Libra is managed by Libra association which is an organization founded by Facebook's subsidiary Calibra and other 27 companies.

Nowadays we can see that blockchain technology is trending a lot also in this era we can see that a single company can beco

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https://financetrain.com/how-does-cryptocurrency-affect-the-global-economy/

This article goes very well with the group project my group chose to do for Econ 6644. I goes into the various ways cryptocurrency can help and hurt the global economy. For one it knocks out the middleman when it comes to money transfers and storage. When you transfer or hold money at an establishment such as a bank, fees are generally tacked on to these services. With cryptocurrency these fees are erased. This will help

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Report: Goldman Sachs explores trading operation

Goldman Sachs is reportedly exploring a new trading platform specifically for cryptocurrencies, most notably Bitcoin. A spokeswoman for the bank said in a statement, "In response to client interest in digital currencies, we are exploring how best to serve them in this space." 

https://www.cnbc.com/2017/10/02/goldman-sachs-exploring-bitcoin-trading-operation-report-says.html

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