Facebook announced that it will release Libra in January. This is a scaled down version of what originally was proposed. Instead of using a basket of fiat, they will use the USD to back the Libra as a stablecoin.
In this video I discuss how this could propel Facebook into the second position as most powerful financial entity in the world behind the US Federal Reserve. With well over a billion users, this will make it more powerful than any single government.
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