Thursday, November 15th, 2018

The International Monetary Fund Explores the Use of Digital Currencies
News Release

Speaking at the Singapore Fintech Festival on Tuesday, Managing Director of the IMF, Christine Lagarde, outlined significant changes in the financial landscape with respect to digital currencies.

Lagarde stated that central banks of various nations, including Canada, Sweden, and China are exploring its role of supplying money in the digital economy.

According to Lagarde, the benefits would be in regards to financial inclusion, security, consumer protection, and privacy. She also outlined potential downsides which include risks to financial integrity, and risks to financial stability.

Lagarde poses the case that with the rise of non-cash payments, central banks around the globe may want to “seriously, carefully, and creatively” evaluate the case of the potential for digital currencies.

Ford, Walmart, and Postmates Team Up to Offer Driverless Delivery
Ford Blog Post

The automobile manufacturer announced in a company blog post that it’s exploring the use of autonomous vehicles in regards to grocery delivery.

Brian Wolf, Director of Business Development for Ford’s Autonomous Vehicles unit stated in the blog post that the company is teaming up with Walmart to “deliver many everyday goods such as groceries, diapers, pet food, and personal care items”.

The pilot program which is powered by Postmates, an on-demand delivery company, will provide the infrastructure such as its ordering platform and potential consumer-base.

Wolf stated that the pilot program will take place in the Miami-Dade County of Florida.

Facebook’s Charitable Giving Reaches Over $1 Billion
Press Release

The social media giant announced that “over 20 million people have either donated to or started a fundraiser on Facebook”.

Since 2015, users have donated over $1 Billion through Facebook Fundraisers or Donate Buttons.

The company stated that over “1 million nonprofits in 19 countries” are able to receive donations through the social network.