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France says it will block Facebook's Libra cryptocurrency in Europe

17 pointsby newsreview1over 5 years ago

1 comment

wpdev_63over 5 years ago
Not directly related to facebook&#x27;s libra but why don&#x27;t we see more businesses use bitcoin, monero, etc. as a backup currency? I mean they could allow transactions to happen with cryptocurrency and have linked to a stable currency in the backend to be exchanged.<p>It wouldn&#x27;t be a bad idea to have a &#x27;backup&#x27; decentralized currency in an event of mass inflation. For example, the US is projected to go into a $30 trillion dollar deficit by 2030 and there&#x27;s no telling what ramifications that will have.
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