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.