An Early Look at Facebook’s Cryptocurrency Libra
Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. For more information, see FINRA , SEC , and CFPB public advisories concerning digital asset risk.
Facebook is no stranger to mixing it up—and making headlines. First, they dropped the word “the” from their name to go from “the Facebook ” to just Facebook.
They then created the timeline, and put the algorithm through change after change, which probably led to at least one person you know to post a message about how they hoped it would somehow go back to how it used to be.
They bought Instagram and a VR company and put Farmville requests into countless American homes and mobile devices. Now they’re looking to make waves again with Libra.
You might be thinking that Libra is a new social media platform, a hot new unicorn startup acquisition, or a codename for a killer new feature.
It’s none of those things. It’s actually the big blue thumb’s first foray into the world of cryptocurrency. Yep, Facebook, that very same Facebook, now has its very own altcoin and they announced it Tuesday, June 18 with a whitepaper called “An Introduction to Libra .”
Read more