Facebook’s Libra Coin: Initial Reactions Mixed


Summary of the first reactions on Facebook’s Libra. Facebook has released its much anticipated white paper for the cryptocurrency Libra. The initial reviews of the highly secretive mega-project are mixed, to say the least.Before taking a look at responses across the cryptosphere, let’s have a quick recap of the Facebook proposal.The Libra coin proposalLibra is designed to be a global currency that aims to simplify cross-border micropayments and remittances enabled by its own blockchain, the Libra Blockchain. As excerpt from the white paper reads:“Just as people can use their phones to message friends anywhere in the world today, with Libra,…
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Facebook’s Libra Coin: Initial Reactions Mixed

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