Facebook's new Libra could bring cryptocurrency to the masses
by Sam Dean, Los Angeles Times
Jun 18, 2019
3 minutes
Facebook unveiled an ambitious plan to create a new "global currency" in the form of a cryptocurrency called Libra on Tuesday, in collaboration with a slew of top players from the realms of technology and finance, including Visa, Mastercard, Uber and Spotify.
With billions of global users and tens of billions of dollars at its disposal, Facebook's entry into the esoteric realm of blockchain-powered payments could mark a major milestone in the technology's development, potentially ushering it from the early-adopter fringe into the mainstream.
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