Tue, 16 July 2019
Facebook’s recent announcement that it would be launching Libra, its own blockchain cryptocurrency, in 2020 has provoked a message of caution from regulators and central bankers around the world. Many worry that the social media giant's 2-billion-strong user base could allow it to upend the current global banking system, a system that depends on trust and transparency. Not exactly characteristics that come to mind with Facebook’s recent history. Is the world ready for a widespread digital currency with no government to back it? On this week’s episode, New York Times reporter Nathaniel Popper and Angela Walch, professor of law at St. Mary’s School of Law, discuss the future of money with WorldAffairs Co-Host Ray Suarez.
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