Facebook’s Libra Will Play a Huge Role in the Future of Money, Top VC Believes

Facebook’s Libra Will Play a Huge Role in the Future of Money, Top VC Believes
ôîòî ïîêàçàíî ñ : beincrypto.com

2020-6-2 00:44

Money will be digital in ten years’ time, much like books and music now are, believes Katie Haun. The general partner at venture capital firm Andreessen Horowitz also believes that Libra will play a key role in the digitization of money.

We live in a world where everything is digital, except for money. While there are platforms like PayPal and Venmo that have digitized payments, they still rely on physical banks’ IOUs. This is going to change, Haun revealed during an interview with Bloomberg, stating:

“In 10 years, the actual bits and bytes are going to be bearer instruments.”

The Real Winners

The winners in this new dispensation will be the consumers. Haun remarked:

“One of the biggest class of winners will be consumers, not necessarily a corporate group. All of a sudden people can do things without the middlemen, without the corporations.”

While it may have faced fierce opposition, she believes that Facebook’s Libra will play a big role in the future of money. However, Libra won’t be the only player, Haun stated. Other stablecoins will spring up to serve different needs. Andreessen Horowitz has already invested in Libra’s rival Celo.

The  Silicon Valley VC firm, known for investing in startups such as Facebook, Twitter, Skype, and Airbnb in their early stages, is backing the “picks and shovels” of the crypto industry, Haun revealed. These include exchanges like Coinbase, where she serves as a board member, and custodians like Anchorage.

Blockchain Gaming Will Be Huge

While there are plenty of opportunities in the crypto industry, Haun sees blockchain games as one of the biggest opportunities that are yet to be explored. Gaming is bigger than music and film combined, she told Bloomberg, adding:

“At the same time a large percentage of gaming revenues come from in-app purchases. All of a sudden if you think of crypto as a way for you to have digital goods that are truly scarce that the gamer actually owns, and can transfer to another game — all kinds of possibilities are unlocked.”

Andreessen Horowitz has been a pioneer in Silicon Valley’s foray into crypto. As BeInCrypto reported a month ago, the firm raised over half a billion dollars in ‘Crypto Fund II.’ Haun, who co-manages this fund, believes that we’ll see more VCs jump on the bandwagon and invest in crypto.

Current regulatory restrictions have been a big hindrance, however. In order to invest flexibly in crypto, VC firms have to acquire a license as registered investment advisors. Andreessen Horowitz received the license in April of last year.

The post Facebook’s Libra Will Play a Huge Role in the Future of Money, Top VC Believes appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Money ($$$) íà Currencies.ru

$ 0.0004099 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: -2.27 %
Cåãîäíÿ L: $0.0004099 - H: $0.0004099
Êàïèòàëèçàöèÿ $18.807k Rank 99999
Äîñòóïíî / Âñåãî 45.887m $$$

money believes libra role play venture partner

money believes → Ðåçóëüòàòîâ: 126


Deutsche Bank: crypto could replace fiat and “soar” by 2030

Deutsche Bank (DB) believes cryptocurrencies could replace fiat by 2030 as the “forces that hold the fiat money system together” begin to unravel. The bombshell was dropped in a report Thursday by the 149-year-old bank, which is Germany’s largest, and comes a week after news broke that Germany will likely allow financial institutions to deal […] The post Deutsche Bank: crypto could replace fiat and “soar” by 2030 appeared first on CryptoSlate.

2019-12-6 11:00


Ôîòî:

China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.

2019-11-6 10:00


Litecoin Summit: Central banking should be eliminated, says Ron Paul

“Separate money from the state” These words came from Former Republican Congressman and Presidential candidate, Ron Paul, at the Litecoin Summit on 28 October in Las Vegas. Paul, a supporter of the cryptocurrency movement and blockchain tech, had previously stated that “cryptocurrencies are a great idea,” adding that he believes that the only role the […] The post Litecoin Summit: Central banking should be eliminated, says Ron Paul appeared first on AMBCrypto.

2019-10-29 18:00


Ôîòî:

Thai Financial Watchdog Declares war on Crypto-Fueled Money Laundering

Pol Maj Gen Preecha Charoensahayanon, the acting secretary-general of Thailand’s Anti-Money Laundering Office (AMLO) believes Bitcoin and altcoins are a serious threat to the agency. As such, AMLO has pledged to prioritize the discovery of new hideouts for illegally obtained fiat converted to cryptoassets, according to a Bangkok Post report on August 5, 2019.

2019-8-6 01:00


Former Goldman Sachs Executive, Raoul Pal Believes Bitcoin Is Currently Too Cheap

While speaking in a podcast on July 29, 2019, Raoul Pal, former Goldman Sachs executive opined that Bitcoin’s market capitalization is unreasonably underpriced. According to Pal, even the least possible chance for Bitcoin’s market cap to equate that of the global money supply and global debt of $80 trillion will still land the Bitcoin’s market […] The post Former Goldman Sachs Executive, Raoul Pal Believes Bitcoin Is Currently Too Cheap appeared first on ZyCrypto.

2019-8-1 00:02


Ôîòî:

4 Reasons to Be Bullish on Bitcoin and Altcoins, According to Brian Kelly

Since bursting out of its rising wedge formation on April 2, the big question on everyone’s mind is: Has Bitcoin bottomed? CNBC’s resident Bitcoin expert, Brian Kelly, thinks so.   The founder & CEO of BKCM LLC, a digital currency investment firm, stated his opinion on Bitcoin’s recent surge this week on CNBC Fast Money — claiming that he believes this Bitcoin revival is real.

2019-4-11 11:00