Facebook Unveils Its Libra Cryptocurrency: Everything You Need to Know4

Today, the cryptoeconomy greeted its most hyped — and in some circles, its most controversial — addition yet in Libra, a “simple global currency” spearheaded by Facebook and now backed by some of the biggest enterprises in the world.

Unveiled on earlier today (18/6/10), Libra’s formal announcement coincided with the release of an associated website and whitepaper. The project’s landing page explained the coin’s explicit purpose: addressing both banked and unbanked populations by making it so “moving money around the world [is] as easy and cheap as sending a text message.”

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