July 3

What Facebucks Can Do for the Global Poor

By Annie Lowrey

This month, Facebook announced it was making an investment in crypto. More specifically, the company and its partners issued a long-anticipated white paperunveiling a new digital currency, a management mechanism for it, and a platform for its development. It is called Libra, a kind of half pun: The name refers to an ancient unit of measure, as well as sounding like the French and Spanish word for “free.”

Source: The Atlantic (link opens in a new window)

Finance, Technology
cryptocurrency, financial inclusion, financial innovation, financial services, poverty alleviation, unbanked