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Who in the world really needs a Facebook cryptocurrency?

June 28, 2019 by Maya Middlemiss

 

Who in the world really needs a Facebook cryptocurrency?

So it’s official: Project Libra has been announced to a waiting world, and we can finally get a look at the worst-kept secret in blockchain… Facebook, and a consortium of corporate partners, are creating Libra Coin.

Their stated aim is to offer fast low cost payments to the millions of unbanked people around the world, but the details are still hazy. To help us try and unpack them, we speak to software developer Jeansy Molanza, whose knowledge of blockchain combines with life experience in the UK and Africa, to offer a unique perspective on what money really means – especially in parts of the world where economic and political uncertainty is a constant backdrop.

We discuss the implications of Project Libra for developed and less-developed nations and the people who live there, and try to extrapolate the broader impact this new development may have on the cryptocurrency world in general… and indeed, the wider world.

Keep up with Jeansy and his excellent work on Twitter 

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Keep in touch with us on Facebook via the Crypto Confidence page, and the official BlockSparks page too. Tweet us with your questions, or email hello@blocksparks.io
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Want to get started buying your first cryptocurrencies? We recommend Local Coin Swap, for your peer-to-peer transactions, and Coinbase to buy centrally – these links help support the show.

And remember: nothing in this podcast or our related social media, nor anything else published by BlockSparks OU at any location, is intended as financial, investment or trading advice. Everything we share represents our personal opinions, for your information, education, and entertainment only. You should not make any decisions based on anything we share with you, not without undertaking independent due diligence and consultation with appropriate professional advisors. CryptoConfidence is all about being smart and informed and making the right choices for YOU.

Who in the world really needs a Facebook cryptocurrency?

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Podcast,  Uncategorized africa,  bitcoin,  developing world,  facebook,  hyperinflation,  project libra,  unbanked

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