Opinion: With cryptocurrency launch, Facebook sets its path toward becoming an independent nation
Published Date: 6/19/2019
Source: phys.org
Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber—plus a ready-made user base of 2 billion people around the world—Facebook is positioned to pressure countries and central banks to cooperate with its reinvention of the global financial system.