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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