What Facebucks Can Do for the Global Poor

Wednesday, July 3, 2019

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, poverty alleviation