Facebook's Cryptocurrency Explained
Is the global economy about to undergo a significant systematic shift? Facebook, the world's most popular social network, announced that they had created a cryptocurrency called 'Libra.' Partnered with Visa, Mastercard, eBay, Lyft, Uber, Stripe, and more Libra has some of the world's most powerful corporations and financial backers betting heavily on the digital coin's success.
But will Libra even see the light of day? Immediately after announcing it, Facebook came under heavy fire from legislators around the world to understand more about the social network's economic intentions. Zach and Ben are joined by Adam Peretti, a cryptocurrency expert, to talk about the technology behind crypto, Facebook's move to banking, and how it can impact your wallet.