Facebook's new cryptocurrency launched

Bradley Prior

MyBroadband Journalist
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Facebook's new cryptocurrency launched

Facebook has unveiled its new global cryptocurrency named Libra, which will run on a decentralised blockchain.

Libra is built on a secure, scalable, and reliable blockchain and is governed independently by the Libra Association, which is tasked with evolving the platform.
 

garp

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As far as I can tell it’s just a white paper. Hardly “launched”.

And if it has the backing of the major plastic debt rectangle manufacturers I can almost guarantee that it will neither be decentralized nor anonymous.

It sounds suspiciously like they’re merely tokenizing some new globalized iteration of fiat currency, what with their “basket of stable assets” with some kind of derived value while feeding off the interest.

I’m sure it will be wildly successful, though. Ppl will fall over each other to pay for their Starbucks with Facebook.
 
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