Facebook Reveals Its Cryptocurrency Play: CEO Daily

Good morning.

It's a big day in the technology world. Facebook has announced plans to dive headfirst into cryptocurrency, with an offering that allows peer-to-peer payments as well as purchases on the Facebook platform. Initial partners include Visa, Mastercard, Uber, PayPal and Stripe. The currency's name: Libra.

Facebook is touting this as an effort to provide banking services to the "unbanked"--people without adequate financial services. But anyone who has watched the explosion of...

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