Facebook’s Libra Coin: Initial Reactions Mixed

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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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