How hip and currency! Facebook will change money forever

World

How hip and currency! Facebook will change money forever

Though the tech giant is just one of many companies in the project, it’s clearly the most enthusiastic

James Titcomb

At the start of 2018, Mark Zuckerberg first signalled his interest in cryptocurrencies, digital coins that were designed as money for the internet age.

“There are important countertrends to [the growing power of big tech companies] – like encryption and cryptocurrency – that take power from centralised systems and put it back into people’s hands,” Facebook’s chief executive wrote.

The launch of Libra, the result of a blockchain project at Facebook that began a year ago, aims to deliver on that promise...

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