Chapter 1990 Xiao Zha Dares to Think

In Yang Cheng's view, leaving aside other countries, the United States is the country that is likely to be the first to loosen its grip.

As mentioned earlier, Libra, the cryptocurrency developed by Facebook, is fundamentally different from virtual currencies such as Bitcoin and Ethereum. Its value is linked to actual currency.

For example, if you have 100 US dollars on hand, you can then exchange it for 100 "Libra coins" on a fixed basis. Then you can use Libra coins to pay for transactions. Of course, if you have other currencies on hand, such as pounds, euros, etc., you can also follow the corresponding The ratio is exchanged for Libra coins.

Therefore, the value of Libra is strictly linked to real currency, and its price fluctuations will be very small and will not fluctuate as much as Bitcoin.

Some people may ask, currency is already very convenient, especially the U.S. dollar, which is already the world currency and can be easily used for payment. Why bother to exchange it for Libra currency? Isn't this asking for trouble?

Of course that's not the case. This set of Libra coins is almost equivalent to Qin Shihuang's unification of the currencies of the six countries into Qin's "half tael" money.

Although the U.S. dollar is now very popular, people in country Z still use soft currency. More than a dozen countries in the Eurozone still use euros. People in RB obviously use yen. Once it comes to international currency settlement, , then there is cost and the timeliness is relatively poor.

If it is an enterprise, the cost of exchange, hedging, and the cost of enduring exchange rate fluctuations will be even higher.

If there is such a set of Libra coins at this time, it will be equivalent to unifying the global currency and eliminating all these costs.

Moreover, the reason why Facebook is taking the lead in doing this is because it is the company with the most users in the world: 2.7 billion users, which is almost 37% of the global population, and they are distributed almost all over the world;

Penguin, the enterprise with the largest number of users in country Z, is only at the level of 1 billion+. As long as Facebook can popularize this set of Libra coins among its users, it will surely be able to successfully spread it to the world.

For big countries, users may not be too cold about Libra, and regulatory authorities may also set numerous restrictions. However, in some countries with unstable currencies, such as Venezuela, Zimbabwe, and Argentina, Libra may become popular and become a better currency than the local currency. More important payment methods.

It stands to reason that such a currency will become a competitor to the US dollar. Why is the United States said to be the most likely to loosen its currency?

The reason is simple. Facebook is an American company and must abide by U.S. laws and regulations. Therefore, no matter how turbulent Libra is, it must follow the U.S. dollar, and the U.S. dollar can also use Facebook users to expand the hegemony of the U.S. dollar.

As long as Libra dares to take steps to develop freely,

All may have their "business license" revoked by the US government.

We even boldly imagine that in the future, Libra may be completely pegged to the U.S. dollar and become a digital form of the U.S. dollar. Then the penetration of the U.S. dollar will be stronger and its global dominance will be stable.

That's why Yang Cheng said that as long as public relations are done well, the United States might be the first country to let go.

So what Yang Cheng needs to consider now is whether to join this plan that seems to have both risks and opportunities.

Xiao Zha’s meaning is very obvious. He wants Facebook and Toutiao to merge one day in the future, just like Fox and Disney.

At the same time, he also hopes that Yang Cheng, the main rival, can be less ambitious and be a major shareholder who only takes dividends.

But he seemed to be overthinking it. Not to mention whether Yang Cheng was willing to sell, even if the two companies really merged, why should he be the major shareholder without power and let Xiao Zha manage the company?

Well, Yang Cheng is really not willing to waste his brain and energy. Wouldn't it be nice to enjoy life with money?

Then again, this company definitely cannot be sold, and even if it is sold, it will not be sold to Xiao Zha. This is for sure.

But this cooperation is worthy of serious consideration.

Xiao Zha said frankly, "To be honest, I had no choice but to come to the door this time. Facebook is at a disadvantage in promoting its global cryptocurrency plan."

This is not difficult to understand. With the ZZ controversy that Facebook is currently involved in, it is possible to recruit a strong partner and even give up the leadership in the end.

Zuckerberg added, "I'm sure people want someone else to advance this idea, not Facebook."

Yang Cheng said, "If it were me, I would also question it. After all, it will be difficult for your Libra project to continue to advance until concerns about privacy, money laundering, consumer protection, and financial stability are resolved.

After all, digital currencies are not currencies. Their value is based on air and fluctuates violently. Unregulated digital assets will encourage illegal activities such as drug trafficking.

Your Libra plan has no credibility in the eyes of the government. If Facebook and other companies want to become banks, they must seek a banking license and accept regulations like other banks. "

Xiao Zha said anxiously, "This is why I hope to cooperate with you. Your Yuanshan Bank can completely serve as a guarantee for the Libra plan~"

Yang Cheng shook his head firmly, "No, Yuanshan Bank will not be the guarantee for any digital currency. At least until digital currency becomes mainstream, we will not take risks."

"You have to take a long-term view~" Xiao Zha was not satisfied with Yang Cheng's caution.

"This has nothing to do with vision. I have never planned to build Yuanshan Bank into a large multinational bank like Wells Fargo, so stability is the goal we pursue, rather than taking risks and pursuing unreachable profits."

Xiao Zha looked very anxious, "Jason, I hope you can abandon your prejudice~"

He thought Yang Cheng was still angry about the previous competition.

But Yang Cheng shook his head helplessly, "It's not a prejudice, competition is competition, and cooperation is cooperation, but I don't see any benefits worth the risk in the plan you proposed."

Xiao Zha was silent for a long time and sighed, "Let's change our thinking. If Facebook starts to promote the Libra project, can New Era Media join in? Become a part of our payment system and serve all users~"

Yang Cheng thought for a moment and left one alive, "If everyone joins, we will not be an exception~"

Xiao Zha knew that he would not get any results today, so he drank the whiskey in one gulp and said in an annoyed tone, "One more drink~"

Yang Cheng found it funny, but still poured him a drink. "Be clear about it. What you want to do is no less than reform, or even challenge the entire financial system. It won't be easy to succeed."

"I know, but I have to try~"

Yang Cheng did not continue the topic and asked instead, "I heard that you hired Comrade Guan Hai's competition manager?"

Xiao Zha was obviously taken aback, "You know?"

"Everyone in the United States knows~"

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