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US central bank to study Facebook virtual currency Libra

The Libra coin plan, backed by financial and nonprofit partners, represents an ambitious new initiative for the world s biggest social network. ....

United States , Jerome Powell , Technology News , Us House Financial Services Committee , Financial Services Committee , Latest Technology News , Tech News , Download News Nation , Libra Coin ,

U of T researchers help lay groundwork for Bank of Canada-backed "digital loonie"


Engineering
U of T researchers help lay groundwork for Bank of Canada-backed “digital loonie”
(photo by GEOFF ROBINS/AFP via Getty Images)
How much longer will Canadians want – or be able – to use physical cash? Could a digital currency such as Facebook’s Diem Coin or Bitcoin make the Canadian dollar obsolete?
While the central bank has no plans to issue a digital currency, it is nevertheless conducting research on digital money. Last year, it tapped the expertise of universities by launching a competition that asks experts to propose a system architecture and business plan for a Canadian digital currency. ....

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