We will be active in payments services, congresswoman, and enable all of these people who dont have access modern Payment Systems to move their money around and have access to World Economy and will be in the payments business, as far as colibra wallet. Let in ask you another question on governance. In your open statement you said it would nothing be overpowered by facebook because you would only have one vote. So, in the world of banking, because in my mind its still banking, were dealing with a lot of banks who merged so lets sea with your one vote you would buy stripe or you would buy spotify. Would that now just give you the one vote or guff you more control . Because we know these things merge and get bought out all the time. So if you bought to the things would that give you more power. It would not, congresswoman, because in the way that the governance is currently structured no one entity can have more than one voice or one percent of the vote. So let me go to someone asked bit
Facebook has announced plans for a new Digital Currency, called libra. David marcus testified for the House Financial Services committee. The committee will come to order. The chair is often recess of the committee at any time. This is entitled based proposed crypto currency an impact on consumers, investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a have
Investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a haven for criminals and shady corporations. This plan includes serious privacy training, and monitoring of policy concerns. With 2 billion users, will have immediate access to these products, but also from consumers, festers, and the global economy. In addition, facebook has proposed government guarante
During a phone call with the president he gave the governor his thoughts and prayers. Schools will be closed. More county schools will be closed you can find the list of closings scrolling at the bottom of your screen and any time at w are ral. Com. Flooding is expected to continue at wral. Com. Flooding is expected to continue. The noos river. Flood prediction the neuse now, later this week the neuse river is expected to crest at 27 feet on friday. The tar river is expected to crest tomorrow afternoon. Slightly over 35 feet. Models predict more than 150 buildings could be at risk of high water. Ingrownville it is expected reach 25 feet tomorrow greenville is expected to reach five feet tomorrow. Now woodlake dam has not breached but people that live there shared their concerns with ken smith. Reporter wood lake resort and country club and nearby neighborhoods remain off limits. The dam is not safe enough to allow residents back in their homes. Our road is the additional road. That is
More rain is on the way. Fresh corruption allegations that soccers governing body. Fifa says its former president and inner circle made 80 million through suspicious payments. Sarah im sarah kelly. Welcome to the program. We begin with a grim reality, people have washed up on a beach in the libyan city. In a tragic day for mediterranean migrants, another nine bodies were pulled from the sea after a boat capsized near crete. Greek authorities rescued 340 others. Despite the dangers, desperate attempts to reach europe show no signs of slowing down. Reporter their dream of a new life ended here, on a beach in the city of zwara in northern libya. More than 100 bodies have washed up on this sure in the last few days. Local residents are shocked. This is wrong. There are 20 bodies all over the place here in zwara alone. How come this is happening . Where is the government . Reporter workers from the red crescent have come to recover the bodies, wearing facemasks to ward off the stench of dec