Facebook is joining the cryptocurrency craze. Should we be concerned?

The social network site on June 18 said it’s launching a new cryptocurrency called Libra with the help of 27 partners, including MasterCard, Visa, ebay and Uber.

In simple terms, Libra is meant to replace the paper bills in your wallet or purse with a digital equivalent. But unlike other cryptocurrencies like bitcoin, Libra will be directly backed by assets.

The white paper describing the vision for this new currency…

Boston Biz Journal https://www.bizjournals.com/boston/news/2019/06/19/facebook-claims-libra-offers-economic-empowerment.html?ana=RSS&s=article_search