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Facebook’s Cryptocurrency Could Resolve Stagnant Growth Issues, Resume World Domination

Posted by Metals Corporate on

By John McDonald Facebook has a problem. Actually, Facebook has several problems, only one of which is the extremely high-profile issue of privacy. Interestingly, the social media platform’s new cryptocurrency, Libra, takes inspiration from China’s largest social network and ubiquitous payment app, WeChat, for the answer to the company’s ongoing issues. Libra, which Facebook officially announced and confirmed mid-June, will launch in 2020 and be available in a cryptocurrency wallet that may be accessed via Facebook Messenger, WhatsApp, and as a standalone app. Not surprisingly, Facebook is positioning the launch of Libra and its digital wallet, Calibra, as a philanthropic...

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