Facebook unveils new ‘currency’

Mark Zuckerberg
Mark Zuckerberg
Anthony Quintano

Facebook has unveiled a new means of payment called Libra, which it describes as a “global currency” with the potential to “reinvent money”.

Neither a true currency nor bearing all the hallmarks of a typical crypto asset, Libra will run on a system similar to a blockchain, without being decentralised in the same way as most crypto assets. It will be backed by a “reserve” of liquid assets.

Libra will be governed by an organisation called the “Libra Association”, based in Geneva, which claims to

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: