[kictanet] Vodafone snubs Libra in favour of growing M-Pesa digital money

Fri Jan 24 17:21:15 EAT 2020

I don't disagree on Tether et al likelihood of collapse.

The Federal Reserve can't match Facebook in terms of distribution globally
via the internet (Messenger/Whatsapp/Instagram)  Libra is a more suitable
vehicle for the e-dollar, however its created; given China Central Bank is
angling to do the same with Tencent and WeChat and their CBDC. My point is
there is a scramble for a dominant Internet Currency which is what FB is
banking on get Libra approved...

On Fri, Jan 24, 2020 at 2:05 PM Mwendwa Kivuva via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> There are many claimed dollar fiat collateralized stablecoins (TUSD, USDT,
> PAX, GUSD, USDC) and now Libra. Many will end in tears. There is an ongoing
> court case already in New York on Tether (USDT) that it is not backed by $
> on one to one as it is claimed, that there is no $$ collateral to match the
> claimed value of Tether, and Tether is used to manipulate the value of
> cryptocurrencies by pumping the price if BTC.
>
> My point is, a dollar backed stablecoin is not the same as a Federal
> Reserve Bank cryptocurrency. A Federal Reserve Bank cryptocurrency will not
> be backed by the dollar because it is the dollar.
>
>
> On Fri, Jan 24, 2020, 12:47 PM mauxdatabase <mauxdatabase at gmail.com>
> wrote:
>
>> Agreed, Libra according to Facebook will largely be backed by USD so it
>> is really a Corporate manifestation of the eDollar; plus we are talking
>> about a generational play here driven globally by millennial's and younger
>> they are looking(demanding) for both convenience and choice.
>>
>> They will run to whichever e-currency(s) have both, which is why its a
>> race...
>>
>> On Fri, Jan 24, 2020 at 12:05 PM Mwendwa Kivuva via kictanet <
>> kictanet at lists.kictanet.or.ke> wrote:
>>
>>> It will be hard to dislodge the dollar. Federal Reserve Bank cas create
>>> a dollar serve stablecoin and tht will end the debate
>>>
>>> On Fri, Jan 24, 2020, 9:34 AM mauxdatabase via kictanet <
>>> kictanet at lists.kictanet.or.ke> wrote:
>>>
>>>> Libra will probably launch when China rolls-out their digital currency
>>>> via TenCent and AliPay.
>>>>
>>>> Its an inevitability that the Worlds next reserve currency will be an
>>>> Internet Currency so the race is on....
>>>>
>>>> On Fri, Jan 24, 2020 at 8:53 AM Ali Hussein via kictanet <
>>>> kictanet at lists.kictanet.or.ke> wrote:
>>>>
>>>>> @Willis
>>>>>
>>>>> Facebook went to great lengths to assure partners it won’t control
>>>>> Libra. To the extent of creating a consortium with representation across
>>>>> the divide. I guess they failed to dispense the fears of regulators and
>>>>> policy makers. I’m very convinced that the pressure to leave the Libra
>>>>> Consortium came from other quarters other than the reasons being given by
>>>>> those who are now bailing out after paying $10 million to join the Libra
>>>>> Consortium.
>>>>>
>>>>> Read more about the Libra Consortium below.
>>>>>
>>>>> https://techcrunch.com/2019/06/18/facebook-libra/
>>>>>
>>>>> *Ali Hussein*
>>>>> +254 0713 601113
>>>>>
>>>>> Twitter: @AliHKassim
>>>>>
>>>>> Skype: abu-jomo
>>>>>
>>>>> LinkedIn: http://ke.linkedin.com/in/alihkassim
>>>>>
>>>>> "We are what we repeatedly do. Excellence, therefore, is not an act
>>>>> but a habit."  ~ Aristotle
>>>>>
>>>>>
>>>>> Sent from my iPad
>>>>>
>>>>> On 23 Jan 2020, at 8:50 PM, Willis Muriu via kictanet <
>>>>> kictanet at lists.kictanet.or.ke> wrote:
>>>>>
>>>>> 
>>>>> For me, the one major issue was that it was "controlled" by Facebook
>>>>> (centralized) unlike Bitcoin (decentralized.)
>>>>>
>>>>> Another reason, I think, is because it proved to be serious
>>>>> competition to the Dollar, and you have heard what happens when you
>>>>> challenge the Dollar.
>>>>>
>>>>> Regards,
>>>>> Willis Muriu
>>>>> +254 715 530 349
>>>>>
>>>>> On Thu, Jan 23, 2020 at 6:37 PM Ali Hussein via kictanet <
>>>>> kictanet at lists.kictanet.or.ke> wrote:
>>>>>
>>>>>> Interesting...Most of the incumbent players are one by one abandoning
>>>>>> Libra. What gives? Pressure from regulators?
>>>>>>
>>>>>> Here
>>>>>> <https://www.forbes.com/sites/sergeiklebnikov/2019/10/21/here-are-all-the-companies-that-bailed-on-facebooks-libra/#674681de3487>
>>>>>> are some of the other companies that have bailed out on Libra. The list
>>>>>> includes Visa, Mastercard, Stripe, Mercado Pago and eBay.
>>>>>>
>>>>>> Pressure from regulators and policy makers is real.
>>>>>>
>>>>>> Regards
>>>>>>
>>>>>> *Ali Hussein*
>>>>>>
>>>>>>
>>>>>> Tel: +254 713 601113
>>>>>>
>>>>>> Twitter: @AliHKassim
>>>>>>
>>>>>> Skype: abu-jomo
>>>>>>
>>>>>> LinkedIn: http://ke.linkedin.com/in/alihkassim
>>>>>> <http://ke.linkedin.com/in/alihkassim>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> Any information of a personal nature expressed in this email are
>>>>>> purely mine and do not necessarily reflect the official positions of the
>>>>>> organizations that I work with.
>>>>>>
>>>>>>
>>>>>> On Thu, Jan 23, 2020 at 4:10 PM Mwendwa Kivuva via kictanet <
>>>>>> kictanet at lists.kictanet.or.ke> wrote:
>>>>>>
>>>>>>> Vodafone has withdrawn from Facebook’s digital currency initiative
>>>>>>> Libra, as regulators and bureaucrats circle overhead.
>>>>>>>
>>>>>>> While Facebook might have become accustomed to sitting in the
>>>>>>> regulatory spotlight, it seems other companies are not as accepting of the
>>>>>>> attention. In an increasing tsunami of regulatory scrutiny, Vodafone has
>>>>>>> become the latest company to withdraw from the Libra initiative, joining
>>>>>>> the likes of Paypal and Mastercard.
>>>>>>>
>>>>>>> “Vodafone Group has decided to withdraw from the Libra Association,”
>>>>>>> a Vodafone spokesperson said.
>>>>>>>
>>>>>>> “We have said from the outset that Vodafone’s desire is to make a
>>>>>>> genuine contribution to extending financial inclusion. We remain fully
>>>>>>> committed to that goal and feel that we can make the most contribution by
>>>>>>> focusing our efforts on M-Pesa. We will continue to monitor the development
>>>>>>> of the Libra Association and do not rule out the possibility of future
>>>>>>> co-operation.”
>>>>>>>
>>>>>>>
>>>>>>> https://telecoms.com/501960/vodafone-snubs-libra-in-favour-of-m-pesa/
>>>>>>> _______________________________________________
>>>>>>> kictanet mailing list
>>>>>>> kictanet at lists.kictanet.or.ke
>>>>>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>>>>>> Twitter: http://twitter.com/kictanet
>>>>>>> Facebook: https://www.facebook.com/KICTANet/
>>>>>>>
>>>>>>> Unsubscribe or change your options at
>>>>>>> https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com
>>>>>>>
>>>>>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder
>>>>>>> platform for people and institutions interested and involved in ICT policy
>>>>>>> and regulation. The network aims to act as a catalyst for reform in the ICT
>>>>>>> sector in support of the national aim of ICT enabled growth and development.
>>>>>>>
>>>>>>> KICTANetiquette : Adhere to the same standards of acceptable
>>>>>>> behaviors online that you follow in real life: respect people's times and
>>>>>>> bandwidth, share knowledge, don't flame or abuse or personalize, respect
>>>>>>> privacy, do not spam, do not market your wares or qualifications.
>>>>>>>
>>>>>> _______________________________________________
>>>>>> kictanet mailing list
>>>>>> kictanet at lists.kictanet.or.ke
>>>>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>>>>> Twitter: http://twitter.com/kictanet
>>>>>> Facebook: https://www.facebook.com/KICTANet/
>>>>>>
>>>>>> Unsubscribe or change your options at
>>>>>> https://lists.kictanet.or.ke/mailman/options/kictanet/wmuriu%40gmail.com
>>>>>>
>>>>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder
>>>>>> platform for people and institutions interested and involved in ICT policy
>>>>>> and regulation. The network aims to act as a catalyst for reform in the ICT
>>>>>> sector in support of the national aim of ICT enabled growth and development.
>>>>>>
>>>>>> KICTANetiquette : Adhere to the same standards of acceptable
>>>>>> behaviors online that you follow in real life: respect people's times and
>>>>>> bandwidth, share knowledge, don't flame or abuse or personalize, respect
>>>>>> privacy, do not spam, do not market your wares or qualifications.
>>>>>>
>>>>> _______________________________________________
>>>>> kictanet mailing list
>>>>> kictanet at lists.kictanet.or.ke
>>>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>>>> Twitter: http://twitter.com/kictanet
>>>>> Facebook: https://www.facebook.com/KICTANet/
>>>>>
>>>>> Unsubscribe or change your options at
>>>>> https://lists.kictanet.or.ke/mailman/options/kictanet/info%40campusciti.com
>>>>>
>>>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder
>>>>> platform for people and institutions interested and involved in ICT policy
>>>>> and regulation. The network aims to act as a catalyst for reform in the ICT
>>>>> sector in support of the national aim of ICT enabled growth and development.
>>>>>
>>>>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
>>>>> online that you follow in real life: respect people's times and bandwidth,
>>>>> share knowledge, don't flame or abuse or personalize, respect privacy, do
>>>>> not spam, do not market your wares or qualifications.
>>>>>
>>>>> _______________________________________________
>>>>> kictanet mailing list
>>>>> kictanet at lists.kictanet.or.ke
>>>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>>>> Twitter: http://twitter.com/kictanet
>>>>> Facebook: https://www.facebook.com/KICTANet/
>>>>>
>>>>> Unsubscribe or change your options at
>>>>> https://lists.kictanet.or.ke/mailman/options/kictanet/mauxdatabase%40gmail.com
>>>>>
>>>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder
>>>>> platform for people and institutions interested and involved in ICT policy
>>>>> and regulation. The network aims to act as a catalyst for reform in the ICT
>>>>> sector in support of the national aim of ICT enabled growth and development.
>>>>>
>>>>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
>>>>> online that you follow in real life: respect people's times and bandwidth,
>>>>> share knowledge, don't flame or abuse or personalize, respect privacy, do
>>>>> not spam, do not market your wares or qualifications.
>>>>>
>>>> _______________________________________________
>>>> kictanet mailing list
>>>> kictanet at lists.kictanet.or.ke
>>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>>> Twitter: http://twitter.com/kictanet
>>>> Facebook: https://www.facebook.com/KICTANet/
>>>>
>>>> Unsubscribe or change your options at
>>>> https://lists.kictanet.or.ke/mailman/options/kictanet/kivuva%40transworldafrica.com
>>>>
>>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
>>>> for people and institutions interested and involved in ICT policy and
>>>> regulation. The network aims to act as a catalyst for reform in the ICT
>>>> sector in support of the national aim of ICT enabled growth and development.
>>>>
>>>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
>>>> online that you follow in real life: respect people's times and bandwidth,
>>>> share knowledge, don't flame or abuse or personalize, respect privacy, do
>>>> not spam, do not market your wares or qualifications.
>>>>
>>> _______________________________________________
>>> kictanet mailing list
>>> kictanet at lists.kictanet.or.ke
>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>> Twitter: http://twitter.com/kictanet
>>> Facebook: https://www.facebook.com/KICTANet/
>>>
>>> Unsubscribe or change your options at
>>> https://lists.kictanet.or.ke/mailman/options/kictanet/mauxdatabase%40gmail.com
>>>
>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
>>> for people and institutions interested and involved in ICT policy and
>>> regulation. The network aims to act as a catalyst for reform in the ICT
>>> sector in support of the national aim of ICT enabled growth and development.
>>>
>>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
>>> online that you follow in real life: respect people's times and bandwidth,
>>> share knowledge, don't flame or abuse or personalize, respect privacy, do
>>> not spam, do not market your wares or qualifications.
>>>
>> _______________________________________________
> kictanet mailing list
> kictanet at lists.kictanet.or.ke
> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> Twitter: http://twitter.com/kictanet
> Facebook: https://www.facebook.com/KICTANet/
>
> Unsubscribe or change your options at
> https://lists.kictanet.or.ke/mailman/options/kictanet/mauxdatabase%40gmail.com
>
> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.kictanet.or.ke/pipermail/kictanet/attachments/20200124/1f53b56f/attachment.htm>