Libra: Facebook launches cryptocurrency in bid to shake up global finance

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Digital currency will let billions of users make transactions but is raising privacy concerns

Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe, in a move that could potentially shake up the world’s banking system.

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 /  🏆 84. in ZA
 

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for instant start merge small crypto currencies with Libra

Does facebook actually expect us to trust them with our money, when they have shown on multiple occasions how little concern they have for our privacy? DataProtection Finance

Pass.

With their security record?!

What on earth can you fall back on if the system went bust? Now the world is deeply entangled with US$. Is strong but against nothing😉

Raj_S_london

Wouldn’t touch this with a hundred foot barge pole! Well dodgy!

doubling down on reasons this behemoth should be broken up. A world where no consequences for he most powerful lead to decisions that are not merely gauged to ”shake up” global finance but to control ppl. I’m not on Facebook nor should anyone be.

My wife has a cryptocurrency. It's called no income

'Mr Zuckerburg, the last thing we need right now is a global financial crisis.' 'Right! I'm on my way!'

talalshah47 jo thori bohat umeed thi k hmara mulk main koi launch karega aur pwsa hmara mulk me aiga voh bh khatam hogai hai :)

Who will regulate this vanity/ dodgy project?

Another step in the wrong direction. The entire Facebook conglomeration needs dismantling.

This isn’t good digitalgangsters yurimilner kushner TrumpPutin

Ahhh putting all those Russian investments funds to good use

What could go wrong? 🤦‍♂️

when will everyone realize Facebook needs to be broken up?!!?!?! antitrust

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