Studying the impact of innovation on business and society

Tag: brett king

Facebook Bets on Libra, Cryptocurrency and Blockchain

Facebook Bets on Libra, Cryptocurrency and Blockchain

Facebook Inc. unveiled plans to launch Libra, a payment system it describes as “global currency” that’s based on blockchain, the same technology powering bitcoin and other cryptocurrencies. It’s backed by real assets and attached to stable government securities. I’ve heard that more than two dozen corporate partners are on board, including financial behemoths MasterCard, Visa, PayPal and Coinbase. With partners contributing membership fees of $10 million each, Facebook’s goal is to line up a total of 100 corporate partners and…

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