Facebook announced this week that it would launch its own cryptocurrency. The Libra, as Facebook is calling it, already has some high-profile partners, including Visa, Mastercard, and Spotify. They're all investing millions in the Libra and they will also be part of a group that controls the new currency.
The details are fuzzy, but critics and regulators have already descended en force. Still, if the Libra successfully runs the gauntlet, it could be a huge windfall for Facebook.
Today on the Indicator, why Facebook is making a leap into the uncertain, opaque world of cryptocurrency.
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