Why Facebook's Getting Into Cryptocurrency : Planet Money This week Facebook announced plans for its own cryptocurrency, the Libra. Regulators are cautious, and no one really knows how it will work. But Wall Street is excited.
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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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