NLW breaks down libra’s new fiat-pegged mannequin, DCEP’s trial app and China’s Blockchain Service Community
This week noticed the most recent salvos within the battle for the way forward for cash.
The Libra Affiliation mentioned its libra wouldn’t be a single forex that was backed by a basket of nationwide forex however would now be a mannequin of quite a few particular person fiat-pegged currencies. Whereas the unique mannequin was akin to a disruptive implementation of John Maynard Keynes’ unique idea for a worldwide basket forex (which he known as a “bancor”), this mannequin appears extra to place libra to assist present central banks digitize their currencies.
China, in the meantime, steamed ahead with its digital forex and blockchain plans. Screenshots of an app from the Agricultural Financial institution of China present how the DCEP (Digital Forex Digital Cost) is at present being examined, giving us perception into performance, geographies and gamers concerned.
China additionally introduced the 71 members of its Nationwide Blockchain Council and went reside with its Blockchain Service Community. The BSN specifically has potential significance on a world scale as China tries to construct and management a key piece of world digital infrastructure.
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