Alex Tapscott defines the deployment of Facebook’s Libra cryptocurrency as a “watershed moment.” This new currency opens up the possibility of banking the unbanked, but also comes with many challenges for the company: conflict with big banks who no longer own the only route to payment services, a potential crypto war with other large digital conglomerates such as Amazon, and the work it will take with regulators and citizens to rebuild trust in the company.
Facebook’s Libra, For All of its Promise, Faces an Uphill Battle
