In this episode, we're going to talk about Facebook's new Libra cryptocurrency in 2019 & why you need to understand it. Let's learn together about what the Libra currency will do and why we should know about it.

Facebook has launched a new cryptocurrency Libra. It is a new blockchain and new innovation.

TIME-STAMPED SHOW NOTES

[01:10] Today’s Topic: Facebook Libra - the what, the when, the how, the why

[01:18] What is Libra?

[01:31] What differentiates Libra from every other cryptocurrency out there?

[02:33] Facebook won’t be the only organization that runs Libra.

[03:50] The Facebook Libra Reserve

[04:30] What separates Libra from Bitcoin

[06:05] Libra is not completely decentralized

[06:42] App developers on Libra won’t be monitored?

[07:24] Why - Facebook Libra was made to combat high fees charged by credit card companies

[09:02] Will Facebook Libra be shut down?

[09:58] A company having its own cryptocurrency makes it like a country?

[11:20] The traditional banks, the Warren Buffets might put up a fight against Facebook Libra

[11:58] Facebook has been a part of a major breach of our personal data

[12:27] Cambridge Analytica scandal - did Cambridge Analytica do something wrong?

[13:00] If someone on your friends list signs up for a test on Facebook, they now have your information without your consent

[14:30] Data law is now a whole thing

[15:13] Calibra - How is the data going to be privatised?

[16:47] The stance that Libra could be damaging to the US dollar

[17:14] Libra will soon be in full effect

[17:42] What’s going to happen five or ten years from now after Libra goes into full effect?

[18:25] Essentially, what they’re going to do is get rid of everybody using credit cards.

[19:26] Paypal’s a member of Facebook’s Libra

[19:43] Elon Musk’s approach to money

[20:30] I’m not the biggest fan of Steve Jobs.

[20:58] If you have any questions, please email me at [email protected]

__________________

To get access to the free webinar training on “How to Become a Six Figure Trader in 3 Months”, please text the word STOCKS to 44222 to get immediate access.

To learn more, check out www.inpennystock.com/membership-signup ASAP as there is a huge 50% discount deal where you can get access to our whole VIP Penny Stock Trading Academy!

To get more In Penny Stock content sent directly to your device as they become available, you can subscribe on iTunes or Stitcher!

And lastly, if you have any questions (or would like answers to previously submitted voicemail questions!), head on over to www.inpennystock.com!

In addition, for a limited time, we have more openings for the InPennyStock VIP Executive Coaching Program where you get direct 1-on-1 penny stock trading strategy plans. If you’re interested, email [email protected] today.

Learn more about your ad choices. Visit megaphone.fm/adchoices