Los Angeles Times: No cash, please, we’re skittish: How coronavirus has spawned fear of paper money. “No longer a thing to be shoved mindlessly into a pocket, tucked into a worn wallet or thrown casually on a kitchen counter, paper money has seen its status change during the virus era — perhaps irrevocably. The pandemic has also reawakened the debate about the continued viability of what has been the lifeblood of global economies: physical bank notes and coins.”
BBC: Facebook ‘rethinks’ plans for Libra cryptocurrency. “Facebook is reportedly rethinking its plans for its own digital currency after resistance from regulators. It is now considering a system with digital versions of established currencies, including the dollar and the Euro, according to Bloomberg and tech site The Information.”
United States Mint: United States Mint Launches New Online Education Game “Map Mania”. “The United States Mint (Mint) launched its newest educational game Map Mania. This game teaches U.S. geography, helping students to learn the 50 states, state capitals, and state trivia based on the America the Beautiful Quarters® and 50 State Quarters Programs.” Apparently there are a dozen games for kids on the Mint site.
David Strom: Understanding new non-money uses for blockchain. “When it comes to thinking about blockchains, most of us automatically go to cryptocurrencies like bitcoin and Ethereum and think about money. How much are these currencies worth in US dollars? How much value have they gained or lost recently? It took two financially-related but non-monetary examples that I heard about recently to convince me that I was looking at the wrong part of the elephant.”
CNET: Google puts women on US currency with an AR workaround. “In May, the Trump administration said it was pushing back a plan to put Harriet Tubman on the $20 bill. But with a new Google app, you can see Tubman on the bill now. ”
Ars Technica: Facebook is backpedaling from its ambitious vision for Libra. “David Marcus, the head of Facebook’s new Calibra payments division, appeared before two hostile congressional committees this week with a simple message: Facebook knows policymakers are concerned about Libra, and Facebook won’t move forward with the project until their concerns are addressed.”
Bloomberg: Facebook Says Libra Won’t Launch Until Regulators Satisfied. “Facebook Inc. won’t launch Libra, the controversial cryptocurrency it’s planning to build with dozens of partner firms, until regulators’ concerns are fully addressed, according to the company’s top executive on the project.”