We have a Good Opportunity if we enable more people to participate to offer services that can generate revenue. This is supposed to be a Nonprofit Organization, is in the . Im talking about the calibra wallop which will directly impact facebook. Is it going to be a nonprofit . No, calibra is a forprofit entity and the entity that will dold the wallet that will be offered to facebook consumers. Is Digital Currency illegal in some parts of the world quick skinny touch on that . Gets congressman there are an number of countries that prohibit buying selling or using Digital Currencies. I also want to mention privacy violation concerns things that americans have been concerned with. The american consumer, do they trust facebook and do they feel comfortable with your company . Congressman i believe we have a lot of work to do to earn Peoples Trust and we have two definitely make though strong commitments when it comes to privacy and make good on those commitments for long periods of time. I
Captioning performed by vitac many have expressed concern that facebook could outcompete banks and nondepository Financial Institutions and become some sort of Financial Services monopoly. I understand facebook has demonstrated a dominance in the social media space but i want to better understand this Financial Services monopoly idea. The Libra Association is made up of 28 pounding members, more to come, many of which have played in the Payment Processing space for a long time. Some of these firms are very large, visa and mastercard have billions of cardholders and process trillions of dollars worth of transactions. Some have argued that this association is a thinly veiled attempt at facebook eventually attempting to create a bank. It may or may not be, but i am more reminded of another Payment Innovation that started in the 1950s and 1960s as associations of likeminded companies, the Bank Card Payment networks. Banks issued their own cards, but banded together as Regional Bank card as
Endowed lickture. Peter j. Tannis College Class of 1960 and member of the library board, established the tannis family lecture fund in 2010 in honor of the louenger librarys 40th anniversary. Since its inception, the tannis annual program has featured outstanding speakers, including dennis lockhart, ray lahood, and georgetowns own professor, george akalof, who is here with us this evening along with his very significant other. Were ever grateful to peter and ann for their generous gift, which has allowed us to bring such exception the speakers to campus, including tonights extraordinary program. Please join me in acknowledging and thanking peter for his generosity. [ applause ] it is my honor to welcome president dejoya, who will introduce tonights speaker. [ applause ] thank you very much, dean hemmasi, for your leadership of our library and for your many efforts to bring us together this afternoon and for moderating our conversation a little later in our program. Good afternoon, ever
Its my pleasure to welcome you to this years tennis family endowed lickture. Peter j. Tannis College Class of 1960 and member of the library board, established the tannis family lecture fund in 2010 in honor of the louenger librarys 40th anniversary. Since its inception, the tannis annual program has featured outstanding speakers, including dennis lockhart, ray lahood, and georgetowns own professor, george akalof, who is here with us this evening along with his very significant other. Were ever grateful to peter and ann for their generous gift, which has allowed us to bring such exception the speakers to campus, including tonights extraordinary program. Please join me in acknowledging and thanking peter for his generosity. [ applause ] it is my honor to welcome president dejoya, who will introduce tonights speaker. [ applause ] thank you very much, dean hemmasi, for your leadership of our library and for your many efforts to bring us together this afternoon and for moderating our conve
Having people come in. Its really a delight. Its my pleasure to welcome you to this years tennis family endowed lickture. Peter j. Tannis College Class of 1960 and member of the library board, established the tannis family lecture fund in 2010 in honor of the louenger librarys 40th anniversary. Since its inception, the tannis annual program has featured outstanding speakers, including dennis lockhart, ray lahood, and georgetowns own professor, george akalof, who is here with us this evening along with his very significant other. Were ever grateful to peter and ann for their generous gift, which has allowed us to bring such exception the speakers to campus, including tonights extraordinary program. Please join me in acknowledging and thanking peter for his generosity. [ applause ] it is my honor to welcome president dejoya, who will introduce tonights speaker. [ applause ] thank you very much, dean hemmasi, for your leadership of our library and for your many efforts to bring us togethe