Facebook’s full frontal assault on finance

Financial Times/Richard Waters and Hannah Murphy/6-24-2019

“Flawed, derided, feared: Facebook’s proposal for a new virtual currency, revealed last week, has already provoked a backlash. But might it end up blowing the financial system wide open anyway?”

USAGOLD note:  We have had a few questions on this by e-mail and we frankly do not know what to think of Libra at this juncture.  Financial Times, as is often the case, is among the first to offer some intelligent commentary on the subject as linked above. We thought we would pass along the link for those with an FT subscription and the curiosity to pursue the subject.

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