Facebook has officially anounced Libra, a stablecoin backed by a basket of fiat currencies. Additionally, Facebook will be launching Calibra in 2020, a cryptocurrency wallet. This move comes months after rumors about Facebook working on a blockchain project. With big name partners, lots of funding, and Facebook's 2B+ users, this has huge potential to change the global monetary system. Let me know what you think in the comments below!
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LINK – Libra website: https://libra.org/en-US/
LINK – Facebook blogpost about Calibra: https://newsroom.fb.com/news/2019/06/coming-in-2020-calibra/
LINK – Excellent TechCrunch article about Libra/Calibra: https://techcrunch.com/2019/06/18/facebook-libra/
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Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 06/18/2019 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Arcimoto (FUV) and long Maker & Bitcoin.