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Libra: Facebook launches cryptocurrency in bid to shake up global finance
Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe, in a move that could potentially shake up the world’s banking system. Libra is being touted as a means to connect people who do not have access to traditional banking platforms. With close to 2.4 billion people using Facebook each month, Libra could be a financial game changer, but will face close scrutiny as Facebook continues to reel from a series of privacy scandals. It could also be a welcome lift to Facebook’s profits: analysts are suggesting Libra could be a huge ... (full story)
