Facebook’s Libra Coin Is a Symptom of Banks’ Flaws

Social media group hopes to target obvious goal of costly transfers

The Financial Times
Jun 18 · 3 min read
Photo: Emmanuel Dunand/AFP/Getty Images

By the Editorial Board

Between data breaches, hate speech and smear campaigns, Facebook has set a standard of sorts in Silicon Valley scandals. A new blockchain-based currency, Libra, is an odd choice to change that image. Such digital…

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