Facebook's Libra Cryptocurrency: What's the Big Deal?
Facebook recently announced that it will launch its own cryptocurrency called Libra in 2020. Join host Everett Millman as he breaks down the possible implications for the financial system and how a Libra stablecoin compares to existing government-issued currencies. He also details why the broader cryptocurrency market is likely to reject Libra due to its centralized nature and fiat currency backing.
Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.