Crypto Corner Episode 464: Libra (NasdaqGS: $FB) Association Announces CFO Hire, Bahamas …

Point Roberts, WA and Delta, BC – October 16, 2020 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:

Crypto Corner Episode 464: Libra (NasdaqGS: $FB) Association Announces CFO Hire, Bahamas Central Bank to Make “Sand Dollar” CBDC Global, and Five Banks in Russia Willing to Pilot Digital Currency in 2021

SHARE PODCAST:


Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:FB)

The Libra Association, the independent member organization overseeing the Libra digital currency project from Facebook (NasdaqGS:FB), has announced the appointment of Ian Jenkins as the Chief Financial Officer and Chief Risk Officer of Libra Networks. Jenkins boasts three decades of financial services experience. He commented:

“I am excited to join the Libra Networks leadership team at a time when innovation in the financial sector has the potential to empower billions of people worldwide. The Libra project is poised to transform the industry and I am looking forward to being part of this team.”

James Emmett, Libra Networks Managing Director, who himself just joined Libra last month, said of the new hire:

“Ian’s deep expertise in global finance, risk and strategy will be crucial in bringing the Libra vision to life. I look forward to working with Ian as we move forward to a more operational phase of the project.”

The Central Bank of the Bahamas (CBOB), which plans to roll out its “Sand Dollar” digital currency on October 20, intends global usage for it as well, according to a report from local outlet, The Nassau Guardian. The CBOB’s assistant manager of electronic solutions, Bobby Chen, speaking at a Bahamas Chamber of Commerce and Employers’ Confederation virtual presentation for businesses ahead of the Sand Dollar rollout, said:

“At the moment, it is currently only used in a domestic setting, but eventually we are working on a solution that will make it interoperable with other global currencies.”

The CBOB’s Head of Banking, Cleopatra Davis, expanded on this:

“Also, the need to be interoperable with other wallets. That’s a key strategy that we’re working on as well as the RTGS/ACH integration, which would allow the movement of Sand Dollar to and from your bank account, which would then convert to fiat as it hit your bank account.”

Russia’s central bank has confirmed plans to launch limited digital ruble pilots in the first half of 2021 after banks including: “MKB, PSB, Zenit, Dom.RF and the Crimean RNKB,” have expressed interest in participating, according to a report from local outlet Izvestia. Anatoly Aksakov, head of the State Duma committee on the financial market, told the publication that “technologically and legally, everything is ready for a pilot with digital currency in Russia,” but piloting will have to wait until after “the law on digital financial assets will enter into force on January 1, 2021.”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

About Investorideas.com – News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800-665-0411

Latest posts