Understanding Facebook's Libra: A New Financial Frontier

This chapter explores Facebook's Libra cryptocurrency, backed by a consortium of companies and distinct from traditional banks. It discusses the implications for global finance, including regulatory concerns and the differences between Libra and decentralized cryptocurrencies like Bitcoin. The conversation also highlights the potential of Libra to disrupt traditional banking, particularly for underserved communities, while addressing the governance and trust dynamics involved in this new digital currency model.