The Hill: Understanding what Facebook’s Libra is — and what it isn’t
The Hill: Understanding what Facebook’s Libra is — and what it isn’t. “When Facebook announced its own blockchain and cryptocurrency (both referred to as ‘Libra’), everyone from late-night comedy hosts to mainstream media outlets to regulators offered possible interpretations, implications, use cases and reasons for both encouragement and prohibition. In order to determine the usefulness (or lack thereof) of Libra, it is helpful to quickly demystify what these things are. After all, Facebook claims Libra ‘will enable a simple global currency and financial infrastructure that empowers billions of people.’ That is quite the goal.
