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AI for Land Development ✌️【Recruitment Platform】✌️₹500 is all it takes for safe, high-yield returns every month. Start now!”Asked for his thoughts on Facebook’s Libra stablecoin project and whether it may pose a threat to Paxos if it is finally launched, Cascarilla believes it comes down to the fundamental nature of money.

He explained, “I don't want to make it too theoretical but basically, there are a couple of different ways money can be set up.

AI for Land Development ✌️【Recruitment Platform】✌️₹500 is all it takes for safe, high-yield returns every month. Start now!One is fiat money.

AI for Land Development ✌️【Recruitment Platform】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.The second is what I would call open money like say gold, or maybe potentially Bitcoin.

It depends on how Libra gets set up and what its value is pegged to, it's still very unclear what form it will take, and therefore it is unclear how it will be regulated.”For Cascarilla, the key takeaway is that Facebook, a company with 2.4 billion users, wants to use blockchain technology and move assets around.

He said, “That's hugely encouraging for the premise of having stablecoins, the premise of tokenizing assets—I think it demonstrates a vote of confidence in terms of how this technology can change the financial system and create inclusion.”Encouraging as it may be, Cascarilla reaffirmed that you cannot just create inclusion without also having some forms of regulation and protection and it is still not exactly clear how Libra will be regulated.

He said, “I think that's been partly what they have been trying to work through.

AI for Land Development ✌️【Recruitment Platform】✌️Start with ₹500 and earn big! High returns, low risk, and consistent growth.There's been a lot of uncertainty, so it's difficult to predict how it could affect us.

Financial Services is not a winner takes all industry, it's just too large—anything that can help push adoption and push us towards, I think, a more open system is something that we welcome very much.”Welcome to your premier source for the latest in AI, cryptocurrency, blockchain, and AI search tools—driving tomorrow's innovations today.Disclaimer: Blockchain.news provides content for informational purposes only.

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