Facebook is more than just social networking. They’re also a hardware company and a software developer. Soon, the social media giant will also serve financial services using their own cryptocurrency called Libra. With the creation of Libra is a new Facebook subsidiary named Calibra, which will handle the company’s global currency powered by blockchain technology.
According to Facebook, Libra is aimed to help people save, send, or spend money even if they don’t have a bank account. Basically, Calibra will be a financial service app that uses Libra for its transactions. It’ll allow users to use Libra on mobile and send to almost anyone.
It’s worth noting that Libra isn’t like Bitcoin. Libra will be a form of digital money backed by a reserve of assets. Moreover, Facebook is not alone in this venture.
While Facebook is building Libra, it’ll be supported by venture capital firms, crypto firms, nonprofit organizations, and massive corporate financial, technology, and telecommunications service providers. The list includes Mastercard, Visa, Coinbase, eBay, PayPal, Stripe, Spotify, Uber, Lyft, and Vodafone.
The end goal is to create a truly mainstream cryptocurrency. Libra is envisioned to be a decentralized global form of payment. It’ll be used to buy almost anything. It’s also planned to be used for loans and credit.
Any financial transactions will require personal information and privacy isn’t Facebook’s strongest suit. Although, the company says Calibra will not share account information or financial data with its servers or any third party without the customer’s consent.
By 2020, Calibra will introduce a digital wallet for Libra which will be available in Facebook’s Messenger, WhatsApp, and as a standalone app. Calibra is still in its early stages and Facebook will have to take an extra step to overcome the hurdles this new cryptocurrency has to face, especially when it comes to privacy.
Apple might bring back the old-school rainbow logo this year
Set to come with select iPhones and iPads
Apple’s logo is one of the most ubiquitous icons of this generation. Both Apple and non-Apple users alike can recognize the half-bitten apple from a mile away. However, before its meteoric rise, Apple’s logo had more colorful beginnings.
In the past, Apple used a rainbow-colored variant for its products. However, Steve Jobs’ iPhone era traded this colorful logo for a minimalist grey apple. The new evolution brought Apple’s branding to a sleeker level. Apple was ready for the new world.
Lately, the siren’s call of nostalgia has resurrected the old world for today. A lot of brands today are calling back to their former roots. Old products and branding return for a breath of new life. Considering this, Apple might bring its old properties back from the grave.
According a leaker from MacRumors, Apple will likely bring the rainbow-colored logo later this year. The old logo will likely come with a flurry of products in the future. Unfortunately, the rumor does not reveal which products will come with the resurrection. Most likely, the logo will adorn a few iPhones and iPads soon.
Of course, a rumor is still just a rumor. MacRumors credits only the tipster’s previous reputation as the rumor’s credibility. Apple has not made an official announcement yet. However, if anything, a few signs have already pointed towards the potential resurrection. For one, Apple has recently renewed the logo’s trademark, ensuring the company’s continued usage over the property. Additionally, a resurrection might even go beyond mere nostalgia. Apple has notably supported gender equality, releasing rainbow-themed merchandise previously.
If anything, signs point to yes. Do you want to bring back old school? Where do you want to see the old logo in?
Inspiring quotes from Dell Women Entrepreneur Network Summit 2019
Motivation you need to get through the week
The annual Dell Women Entrepreneur Network Summit happened this week in Singapore, and the last three days has been nothing short of inspiring. It’s all about women learning from women and empowering women, so if you were not there to hear them yourself then we are here to spread the word.
I don’t know who needs to hear these right now, but here are quotes from some of the amazing women at the summit to help get you through the week.
On being a woman entrepreneur and #girlboss
“Make sure you are purposeful in where you devote your energy; it is not an infinite resource.” Sabrina Tan, Founder and CEO, Skin Inc
“Not everyone of your employees will like you and those who do will not like you all the time.” Meghan E. Butler, Contributing Writer, Fast Company
“We don’t want our women to have to choose between career and family.” Grace Fu, Minister for Culture, Community and Youth, Singapore
“One of the most difficult responsibilities of a founder is giving your team hope when you have none.” Roz Chow Koo, Founder and CEO, CXA Group
“Still function like a startup even when you are a corporate so you remain nimble.” Sabrina Tan, Founder and CEO, Skin Inc
On failure, growth, and realizing your potential
“We aren’t so much human beings as we are human becomings, because we are always working on what we will be.” Margie Warrell, Author, Train The Brave
“Failure is simply the opportunity to try again.” Dr. Jemma Green, Co-founder and Chairman, Power Ledger
“You wouldn’t be where you are today if everything had gone to plan. It’s the hardships and the failures that makes the successes so much more meaningful.” Margie Warrell, Author, Train The Brave
On empowering women
“The generation before mine thought that women did not need to be educated much, just enough to look after the children.” Grace Fu, Minister for Culture, Community and Youth, Singapore
“Under-qualified men are getting jobs that women won’t even apply for. Women are just as smart, talented, and committed but we second guess ourselves we hold ourselves back. We need opportunities to dream big, believe in ourselves, and turn thoughts into action.” Sherry Boger, Infrastructure and Platform Solutions Group Vice President and General Manager, Intel
“Surround yourself with those who lift you up. We can do far more together than we can ever do on our own.” Margie Warrell, Author, Train The Brave
“When we invest in women, we invest in the future; communities prosper, economies thrive and the next generation leads with purpose.” Karen Quintos, EVP and Chief Customer Officer, Dell Technologies
“With women still traveling miles to collect clean water, women empowerment can’t take place. When women can’t feel safe on the streets, women empowerment come.” Grace Fu, Minister for Culture, Community and Youth, Singapore
Huawei is firing hundreds of workers
From their research department in the US
After everything, Huawei should be enjoying its recent influx of good news. Burdened by more than a year’s worth of uncertainty, Huawei was finally freed from America’s serpentine grasp. Recently, US President Donald Trump reversed a landmark ban that would have eventually killed Huawei’s business. Huawei is getting back on track.
However, instead of resting on its laurels, Huawei is still in panic mode. The Chinese company is gearing up for an extensive wave of layoffs in America. According to the Wall Street Journal, they will fire hundreds of employees from a pool of 850 workers. The pink slips will reportedly come from Huawei’s research and development division called Futurewei Technologies.
Additionally, Futurewei’s China-born employees can opt to relocate back to their home country, ensuring their continued employment with the company. Unfortunately, the company’s American employees won’t share the same privilege. Some employees already know about their impending fate. Meanwhile, Huawei is still planning more firings in the future.
Huawei’s recent layoffs stem from the continued pressure by the US government. If the country remains hostile, it’s best to relocate to a safer territory. Besides the loss of jobs, Futurewei’s relocation confirms Huawei’s renewed dedication to keep its future developments under wraps.
Despite the increased optimism, Huawei is still preparing for the worst. The company is building its resistance against geopolitical threats in the future. Unfortunately, we don’t know what this means for Huawei’s future outings yet.
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