Parmy Olson, Wall Street Journal: What You Need to Know About Facebook’s Answer to Bitcoin

Extract from Parmy Olson’s article “Libra Coin? What You Need to Know About Facebook’s Answer to Bitcoin”

Facebook Inc. just disclosed the first details of its long-anticipated cryptocurrency, called Libra. Here are some early takeaways:

What is Libra?
Libra is a new cryptocurrency—a digital currency that uses cryptography, a method of protecting information, to verify transactions – that Facebook will launch next year.

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