The problem with Facebook calling its crypto “Libra”

Matthew De Silva
The problem with Facebook calling its crypto “Libra”

On Tuesday, Facebook announced Libra, its new global cryptocurrency, that the company says could increase financial inclusion for millions of people across the world. The digital unit, expected to launch in early 2020, is already attracting significant doubt from people who worry about trusting the social media giant with their finances. Ahead of the unveiling, Facebook explained to Quartz why the company selected the Libra name and symbol.