Facebook Backed Libra Cryptocurrency Project Is Scaled Back
In this blog, Facebook Backed Libra Cryptocurrency Project Is Scaled Back. After months of criticism, the cryptocurrency is moving ahead with significant revisions. Facebook is scaling back its beleaguered cryptocurrency project Libra in an attempt to win regulatory approval.
Last June, the social networking company described it as a futuristic global money that could serve as the foundation for a new kind of financial system. But on Thursday, Facebook and its partners rolled out a less ambitious design for Libra after the effort encountered numerous hurdles and heavy regulatory scrutiny. No longer is the group focused on making Libra the basis of a new global financial system where Facebook could essentially play the roles of a central bank and Wall Street.
The prospect of Facebook’s 2.5 billion user adopting Libra had led to intense scrutiny from global regulators, with many worried its launch could erode national control over money.
In a sign of the change, the Libra project will now focus on creating a more traditional payment network in which coins will be tied to a local currency, somewhat like the digital dollars in a PayPal account. While Libra will also have a coin backed by multiple national currencies, which was the focus of the initial design documents, that will be less prominent. “The virus is highlighting the need for digital payments,” Mr. Davie said. “If you look at those who are getting left out, it is those who are not digitally connected.”
Top Courses in Computer Science Engineering
Top Courses in Software Engineering
Loading...
More Courses With Certification
In a new Libra white paper, the association said it would create multiple coins, each backed by a different national currency, in order to make local commerce easier. A separate coin backed by multiple currencies would be useful for moving money between countries.
Empower your team. Lead the industry
Get a subscription to a library of online courses and digital learning tools for your organization with EasyShiksha
Request Now
Frequently Asked Questions
Q.Are EasyShiksha's internships truly free?
Yes, all internships offered by EasyShiksha are completely free of charge.
Q.How can I apply for an internship with EasyShiksha?
You can apply for an internship with EasyShiksha by visiting our website and browsing through the available internship opportunities. Once you find a suitable internship, simply follow the application instructions provided.
Q.What types of internships are available through EasyShiksha?
EasyShiksha offers a wide range of internships across various industries and disciplines, including but not limited to technology, business, marketing, healthcare, and more. We continuously update our internship offerings to provide diverse opportunities for our users.
Q.Will I receive a certificate upon completing an internship?
Yes, upon successful completion of an internship with EasyShiksha, you will receive a certificate recognizing your participation and achievements during the internship period.
Q.Are EasyShiksha's internship certificates recognized by universities and employers?
Yes, EasyShiksha's internship certificates are recognized and valued by universities, colleges, and employers worldwide. They serve as a testament to your skills, knowledge, and experience gained through our internship programs.
Q.Is the download of certificates free or paid?
While access to internships and all courses on EasyShiksha is free for users lifetime, there is a nominal operational cost associated with downloading certificates. This fee covers the administrative expenses involved in processing and issuing the certificates.
Q.When can I start the course?
Anyone can choose a preferred course and start immediately without any delay.
Q.What are the course and session timings?
As this is a purely online course program, you can choose to learn at any time of the day and for as much time as you want. Though we follow a well-established structure and schedule, we recommend a routine for you as well. But it finally depends on you, as you have to learn.
Q.What will happen when my course is over?
If you have completed the course, you would be able to have lifetime access to it for future reference too.
Q.Can I download the notes and study material?
Yes, you can access and download the content of the course for the duration. And even have lifetime access to it for any further reference.
Q. What software/tools would be needed for the course and how can I get them?
All the software/tools that you need for the course would be shared with you during the training as and when you need them.
I’m unable to make a payment. What to do now?
You can try to make the payment through a different card or account (maybe a friend or family). If the problem persists, email us at info@easyshiksha.com
Q. Do I get the certificate in a hard copy?
No, only a soft copy of the certificate will be awarded, which can be downloaded and printed, if required.
Q. The payment got deducted, but the updated transaction status is showing “failed”. What to do now?
Due to some technical faults, this can happen. In such a case the amount deducted will be transferred to the bank account in the next 7-10 working days. Normally the bank takes this much time to credit the amount back into your account.
Q. The payment was successful but it still shows ‘Buy Now’ or not showing any videos on my dashboard? What should I do?
At times, there may be a slight delay in your payment reflecting on your EasyShiksha dashboard. However, if the problem is taking longer than 30 minutes, please let us know by writing to us at info@easyshiksha.com from your registered email id, and attach the screenshot of the payment receipt or transaction history. Soon after verification from the backend, we will update the payment status.
Q. What is the refund policy?
If you have enrolled, and are facing any technical problem then you can request a refund. But once the certificate has been generated, we shall not refund that..
Q.Can I just enrol in a single course?
Yes! You surely can. To begin this, just click the course of your interest and fill in the details to enrol. You are ready to learn, once the payment is made. For the same, you earn a certificate too.
My questions are not listed above. I need further help.
Please contact us at: info@easyshiksha.com
I hope you like this blog, Facebook Backed Libra Cryptocurrency Project Is Scaled Back.
To read more blogs visit HawksCode and Easyshiksha.
