Jessica Goodfellow
Jul 17, 2019

Delving into Libra: Is Facebook's currency the future of finance?

Libra promises to provide the unbanked with financial flexibility, which would benefit brands, especially in Asia. But government objections could scupper its chances.

Even with a fierce regulatory battle ahead, Libra is a watershed moment for the future of finance. Already backed by 27 influential businesses from payment providers, tech brands, crypto custodians and VC funds, with a pre-existing audience of 2.38 billion Facebook users to tap into and a planned US$1 billion fund to kickstart itthe scale of the project is unprecedented.

Facebook’s much-hyped digital currency was officially unveiled one month ago, and it is...

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