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Why Facebook’s Libra Cryptocurrency Is In Trouble
Posted
October 25, 2019
Views
1,284,716
Likes
14,652
Comments
2,854
Engagement
1.36%
October 25, 2019
1,284,716
14,652
2,854
1.36%
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When Facebook first announced it was getting into the crypto business—with a basically unregulated currency called Libra—the reaction from Wall Street and government bankers was about as expected. Fast-foward a few months, and Libra is in trouble. The social media giant had lined up a long list of corporate backers for the initiative, including major players in the payments space. And in October 2019, several prominent backers began to back out. Here’s how Facebook’s crypto future got into serious trouble.
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Why Facebook’s Libra Cryptocurrency Is In Trouble
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