The Capital
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The Capital

Facebook Allies plan Libra Alternative Cryptocurrency Celo — Market Mad House

By Daniel G. Jennings on The Capital

Facebook’s efforts to create a global cryptocurrency are falling apart before our eyes. Bloomberg several members of the Libra Association have joined a rival effort they call the Celo Alliance for Prosperity.

To explain, the Libra Association is the organization Facebook (NASDAQ: FB) organized to promote a global cryptocurrency they call Libra. The Libra Association resembles a global central bank.

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.