What Is Facebook's Cryptocurrency and Why Does It Matter?

attempt to corner the global online payments market—it is a direct challenge to the authority of nation-states.

by Carlos Roa
After months of anticipation, Facebook has recently unveiled its own cryptocurrency, the Libra.

Hmm . . . actually, that’s not entirely accurate. Perhaps it would be better to say that Facebook has unveiled its ambitious plan to dominate the world’s payments systems and challenge the power of nations.



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