Facebook’s cryptocurrency nearly here

Facebooks cryptocurrency nearly here

Reposted with permission from Bob Pritchard

Facebook is in the process of finalizing plans to launch its crypto in 2020. The social media giant will roll out the digital currency in around a dozen countries by the first quarter of next year, with the company planning to begin testing for the crypto, internally dubbed GlobalCoin, by the end of this year. 

Facebook certainly has the tech and resources, but trust will be the currency that’ll really determine the success of its crypto project. Facebook’s considerable resources have enabled it to make significant headway on its crypto project already. It registered a new fintech company, dubbed Libra Networks, in Switzerland as part of its efforts to move into financial services and crypto. The company has also sought advice from regulators in the US and the UK, with Mark Zuckerberg having already spoken to the head of the UK’s central bank about the opportunities and risks involved in launching a crypto. Facebook has also reportedly held talks with a number of financial services firms, including two crypto exchanges, in an effort to provide users of its own crypto with access to safe storage and enable them to convert the digital currency into other cryptos or fiat currencies. 

But its recent privacy woes will be a major roadblock it needs to overcome. Across the past 18 months, Facebook has been embroiled in a number of scandals that have provoked the ire of its user base and regulators alike. Last year, for instance, the company became the center of a major scandal when it was revealed that 87 million users’ data had been illegally obtained by research firm Cambridge Analytica. Since then, the firm’s had to contend with a steady stream of similar data privacy issues and breaches. 

If Facebook is to make a success of its crypto and convince enough of its current user base to use it, the company needs to act fast to build trust and change the negative perceptions around it.   Yet, if any firm can push through mass crypto adoption, it’s Facebook; for incumbents, that’s a big problem.  

Facebook’s huge user base offers it a significant leg up for its crypto push. Mass adoption of crypto remains a way off, with hacks and illegal activity continuing to deter consumers. However, with more than 2 billion users across its core platforms, Facebook has a huge ecosystem of users it can provide new value for using the nascent asset class. Its crypto can reduce friction for these users, enabling them to make purchases or make transfers to each other without having to leave the platform, for instance. 

This is particularly problematic for incumbent financial institutions (FIs), because the company stands to disintermediate them, or at the very least push price points down considerably and eat into their revenue. And the likes of WeChat in China have shown how successful these efforts can be, making Facebook’s financial services push an alarming threat for FIs.  

For forward-looking FIs, there’s also an opportunity to work with Facebook and stake a strong position in the space. Facebook’s regulatory struggles don’t bode well for its efforts to enter financial services, not least because of the substantial compliance burdens FIs have to contend with. The challenge of navigating this regulatory terrain can provide fast-moving FIs in jurisdictions Facebook plans on offering its financial services products to, with an opportunity to partner. 

In this way, the social media giant can focus on serving its consumers and lean on FIs to tap into their deep regulatory know-how and expertise. The recently announced partnership between Apple and Goldman Sachs to roll out credit cards is a prime example of how effective this route can be for both big tech firms and established FIs.  

Global coin is a welcome addition to the crypto space. 

I wonder what Facebook employees do to waste their time at work?


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What to do when your superannuation is losing your hard earned money?

What to do when your superannuation is losing your hard earned money

Reposted with permission from As Good As Gold Women – the first precious metals company in the world dedicated solely to helping women find their financial freedom by purchasing gold and silver.

In this video, I’m speaking with a woman who could see the writing on the financial wall – Bella, an artist and now an avid investor in gold and silver, started to witness signs that the property market was about to topple, and her super important nest egg, the superannuation fund she worked so hard to build was diminishing.

Bella was definitely not willing to lose any more money, so she started investigating what could be a better alternative to ensure her future financial state constantly improve.

Watch this video to learn the following:

  • Why buying gold and silver are better financial decisions than the current property market
  • How to positively increase your financial state both now, and in the future
  • Understand how doing your own research can really empower you
  • Where is the best place to store your precious metals
  • Don’t tell anyone your secret….. Ssshhhh!
  • You don’t have to declare your precious metals purchase to anyone – it can be your secret to financial freedom, and no-one needs to know!

I look forward to empowering you towards your financial future.


If you’re interested please email As Good as Gold and mention that you were referred by Groceries for Health.


About Groceries For Health

Groceries for Health are a proud Inner Origin Advocate.  Inner Origin products have been selected with care and follow strict guidelines to adhere to our philosophy.

This is a secure Australian site allowing you, the customer, to purchase the products and have them delivered direct to your door.

You shop, we pack and deliver.

organic australian groceries and products

Never Give Up

Reposted with permission from Bob Pritchard

Thomas Edison said 

Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”   

Thomas Edison

Many of our journeys towards our goals may not be as easy as we expected, but the twists and turns that we face are what makes it worth while.  Many of the greatest successes in the history of man are by the people that tried and dared to fail…but did not give up! Thomas Edison’s teachers said he was “too stupid to learn anything.” He was fired from his first two jobs for being “non-productive”.  As an inventor, Edison made 1,000 unsuccessful attempts at inventing the light bulb. When asked, “How did it feel to fail 1,000 times?” Edison replied,  “I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps.”

Confucius said

Our greatest glory is not in never failing but in rising every time we fall.” 

Confucius

Many people respond to a crisis by being overwhelmed by stress, which turns to fear. It is easy to be afraid when you have a crisis situation in your business, but if you remain brave, your employees will be too, and together a strong team will be able to turn anything around.  For example; 

  • Walt Disney went to over 200 banks before getting the financing for Disneyland.
  • He was also fired by a newspaper editor because “he lacked imagination and had no good ideas.”
  • Colonel Sanders knocked on over 1000 restaurant doors before getting his first customer.  He was already 67 years old.
  • Fred Smith’s Yale professor gave him a C for his thesis on overnight delivery service, saying it needed to be feasible to get a better mark.  He then founded Federal Express.
  • Charles Carlson invented photocopying in 1938 but it took 21 years for him to get the first Xerox machine made.
  • Michael Blake, author of “Dances with Wolves” had 26 years of rejection before getting published.
  • Bob Dylan was booed off stage at his first talent quest.
  • John Creasey received 753 rejection slips before he published the first of his 564 books.

From rejection to workplace screw-ups, everyone has experienced that all-too-familiar gut-wrenching numbness. The great paradox is that the people who enjoy the most successes often endure the greatest failures. A few common sense things to remember: 

  • Don’t lose confidence in yourself when things don’t go as planned. I cannot stress this enough.  We are all a work in progress. But if you don’t take the time to critique yourself and your behaviors along the way, you run the risk of becoming complacent.
  • Improve your relationships with people because it is your relationship with people that make you successful in both life and business. If you discover that the same issues continue to arise, it’s time for some tough self-examination.
  • It takes hard work to make dreams into reality. If you set clear goals, have self-confidence to act, believe you will succeed over time you will get to where you want to go.  Sitting still is easy. Make sure you look at all aspects of your life and make some changes.
  • Get regular exercise. The benefits are a sense of health and youthfulness, increased physical and mental energy, wellbeing, productivity… and success.
  • Out-learn the competition. Be obsessed with learning and be a voracious reader.
  • Get plenty of rest. A habit of successful people should include an early start and will also allow you to get more done.
  • Ask. There are always people that we can learn from. Everyone should have a mentor that helps them on their path to success. If you believe in yourself, there is no one more qualified than you to jump on opportunities that come up!
  • Make time for your family. You don’t have to give up your personal life and enjoyment completely.
  • Make a schedule that includes time for work and also time for weekends away, hobbies and family life.
  • Too much of anything isn’t a good thing.
  • To reach for success and to overcome hardships or failures, we have to strive for the best we can be in every aspect of our lives, including how we feel about ourselves, and how we treat others. If we are  willing to try, to get back up after falling and we take advantage of opportunities, those bad moments can be nothing but a footnote in our success story.

 It is interesting that 96% of salespeople stop calling after receiving less than six rejections.  A Dartnell Corporation study show that most business accounts are won after the prospect has said no eight times. Success is stumbling from failure to failure with no loss of enthusiasm.


About Groceries For Health

Groceries for Health are a proud Inner Origin Advocate.  Inner Origin products have been selected with care and follow strict guidelines to adhere to our philosophy.

This is a secure Australian site allowing you, the customer, to purchase the products and have them delivered direct to your door.

You shop, we pack and deliver.

organic australian groceries and products

How this mother and daughter built their wealth by simply buying silver

build wealth by simply buying silver

Reposted with permission from As Good As Gold Women

Melinda thought about purchasing a little silver many years ago, but like many of us women, she presumed it was always out of her reach, that she needed big dollars to play in the world of precious metals.

But she was so wrong.

It certainly excited her when she realised she too could purchase silver – she started her portfolio with just a little silver, and it grew exponentially from there, adding gold to the mix.

Dealing with a trustworthy company was a crucial component to influence Melinda’s decision to buy silver. The CEO of As Good As Gold Australia, Darryl Panes, made a great impression on her.

Melinda acknowledges that for women, it is such a huge decision as to where to invest for their financial security, so dealing with a business that has integrity, was very professional, as well as very warm and welcoming, was extremely important for her.

So much so that Melinda’s young daughter followed her mother’s success in building her wealth, she now has a burgeoning portfolio of silver coins and bullion as well.

Part of Melinda’s advocacy to her colleagues, friends and family is that she reminds them it has never been so affordable and so easy to buy their very own silver; in fact, you can start with one silver coin for under $30* – here’s a link showcasing a selection of silver coins and bullion that provide quality, worth and value that may be useful information for you.


If you’re interested please email As Good as Gold and mention that you were referred by Groceries for Health.


About Groceries For Health

Groceries for Health are a proud Inner Origin Advocate.  Inner Origin products have been selected with care and follow strict guidelines to adhere to our philosophy.

This is a secure Australian site allowing you, the customer, to purchase the products and have them delivered direct to your door.

You shop, we pack and deliver.

organic australian groceries and products