What’s Up With Facebook’s New Libra Cryptocurrency?

Facebook probably isn’t on the top of your list of companies that you would trust to issue a secure, private cryptocurrency, but that’s exactly what they’re proposing to do in 2020 with Libra, a stable, asset-backed token that will be tradeable via their Calibra wallet (to be built into Messenger and WhatsApp) and other apps. With more than 2 billion monthly active users, Facebook’s foray into finance is undoubtedly going to make some waves, so it’s worth it to understand exactly what they plan to do and how it works. If you understand Bitcoin, it may be tempting to apply that knowledge to Libra and… Read more