Financials: The Future of Facebook’s Cryptocurrency and Negative Interest Rates
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 26 August 2019
⏱️ 25 minutes
🧾️ Download transcript
Summary
With tons of regulatory uncertainty and reports that some key partners are having second thoughts, will Facebook (NYSE: FB) still move forward with its Libra cryptocurrency? And negative interest rates are more prevalent than you might think around the world, but what would happen if they came to the U.S. markets? Plus, host Jason Moser and Fool.com contributor Matt Frankel, CFP discuss the latest results from foreign fintech favorites StoneCo (NASDAQ: STNE) and PagSeguro Digital (NASDAQ: PAGS). All this and more on this week’s episode of Industry Focus: Financials.
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Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market each day. |
| 0:06.4 | It's Monday, August 26th. I'm your host, Jason Moser, and on today's financial show, |
| 0:11.0 | we're going to discuss the future of Facebook Libra. We'll review a couple |
| 0:15.7 | of earning reports here for a couple of the company shaping the Latin American |
| 0:20.7 | payment space. We'll talk about the implications of negative |
| 0:24.5 | interest rates and as always we'll have a couple of stocks for you to watch. |
| 0:28.0 | Joining me in the studio this week as always fun |
| 0:35.0 | fun planner Matt Frankel Matt has everything going Oh pretty good I'm fighting a little bit of a cold down here which is always fun during the summer in South Carolina |
| 0:40.0 | the summer call the other than that doing well I wouldn't miss this for the world. |
| 0:45.0 | Nope, nope, I think we've got a good thing going here. |
| 0:47.0 | So, so yeah, we'll bring in, bring in whether you're sick or not, know I mean you're gonna have to |
| 0:53.1 | opt out as they would say Matt you'll have to opt out. |
| 0:56.1 | I'm good to go as long as I'm here I'm here. |
| 0:59.1 | Perfect. Okay good deal well we wanted to open up the show this week talking a little bit about |
| 1:05.3 | Facebook's Libra Project. And you know, this is something that for folks out there who maybe don't know much about Facebook Leibor or what it is. |
| 1:16.8 | This is essentially Facebook's effort at developing its own cryptocurrency for lack of a better description. |
| 1:24.1 | I mean it is it is a it's not something where Facebook would be directly |
| 1:29.2 | running this operation and it's a subsidiary of Facebook something Facebook would be associated |
| 1:34.4 | with, affiliated with, through partners in the industry as well. But ultimately |
| 1:39.9 | what we're looking at here is the goal to launch something here by 2020, 2021. |
| 1:47.0 | And I mean as we've figured, I mean it is it is certainly coming under plenty of scrutiny a lot of scrutiny on the regulatory |
| 1:54.8 | side because I mean any time you think about launching a new currency well that just |
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