May 24, 2019 ⋅ 1 min read
Facebook isn't interested in disrupting the established financial services industry, like Bitcoin is, explains Bloomberg's Lionel Laurent. Instead, Facebook's announcement of the "GlobalCoin" so-called cryptocurrency shows their interested in partnering with governments and banks to enter the industry. Laurent also opines on the stark contrast in GlobalCoin's centralization and Bitcoin's decentralized network structure.
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