Inside Facebook’s plan to disrupt money with digital currency Libra

Inside Facebook’s plan to disrupt money with digital currency Libra

The Facebook logo is displayed and lit on a wall. Photo: Alex Haney/Unsplash

Facebook Inc. is hoping that the stars will be aligned favourably when it launches its digital currency, christened Libra, in the first half of the next calendar year. The odds, though, are stacked against the world’s largest social networking site, despite it having a massive user base of nearly four billion users globally and over 700 million users in India alone (if one accounts for WhatsApp’s users too).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter