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Gartner We we Blog System. Libra and Walmart “Blockchain” Tokens: Financial or Walled Garden Inclusion?

Gartner We we Blog System. Libra and Walmart “Blockchain” Tokens: Financial or Walled Garden Inclusion?

Facebook has established the growth of a currency that is digital Libra (cf. “Facebook Libra — Liberator or Trojan Horse” 1 ) and Walmart has filed a patent application for a token that is digitalcf. patent application 2 ). Both initiatives count on blockchain technology. The 2 organizations have numerous rationales for introducing or planning initiatives that are such. In this web site post, we explore their claims toward economic inclusion.

Facebook has stressed when you look at the Libra white documents its goal of enhancing monetary inclusion globally. And Walmart’s patent application’s introduction, stresses that: “The cost of having small cash is high as a result of regular short-term borrowing, accumulated interest on short-term borrowing that becomes long-term, high bank charges proportional to wide range, high bank card charges, and high cash advance interests….

 
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