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For Facebook’s Cryptocurrency, the Well May Already Be Poisoned

Aug 15, 2019 | 09:30 GMT
A visual representation of Facebook's cryptocurrency, Libra.

On June 18, Facebook announced the details of its cryptocurrency called Libra, which is set to launch in 2020. The universal currency aims to allow users to buy products or services from Facebook-owned platforms including Messenger, Instagram and WhatsApp -- rivaling established payment systems such as Google Pay, Apple Pay and PayPal.

(Chesnot/Getty Images)

The success of the Libra -- and potentially the entire cryptocurrency market -- will hinge on its creator's ability to convince regulators that it's more trustworthy than Facebook and more stable than Bitcoin....

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