Today the world got a first glimpse at the future of online payments–or at least the future as envisioned by Facebook–with the release of a white paper on Libra. Libra is intended to be a simple global currency built on blockchain. There are many articles detailing what Libra might mean to the world of finance. I won’t repeat those here, but will just note that there appears to be some significant buy-in from a lot of major players. That means Libra is going to be something we hear a lot about before it launches in early 2020. Only time will tell if it will do what Facebook hopes, but one thing for sure is that the world of cryptocurrency is going to be getting a lot of attention now.
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