FinTech Discussion: Theme #2 Digital Currencies Feb26

Posted by & filed under Blockchain/Cryptocurrencies.

We believe a currency has to satisfy two key issues to be considered a viable currency. First, it needs to be a “medium of exchange” and one needs to be able to use it as a payment mechanism. Second, it needs to be a “store of value.” In our opinion, Bitcoin fails as a payment mechanism for legitimate commercial transactions, but it is gaining traction as a store of value.

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A Dive into Libra, Facebook’s New Cryptocurrency Jun27

Posted by & filed under Blockchain/Cryptocurrencies, FinTech, White Papers/ Thought Pieces.

On June 19th, 2019, Facebook revealed a 100-page white paper, with some of the details behind its involvement in the “Libra” cryptocurrency. Some analysts were quick to state that Facebook just “reinvented money”. The purpose of this note is to summarize that detailed white paper and breakdown the risks and opportunities for the entire payment ecosystem.

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