It started on Monday as a trickle. By Wednesday it was a torrent.
Comments arriving in my inbox from crypto enthusiasts cheering Facebook’s new stablecoin mostly predicted speedy and successful mass adoption thanks to the company’s 2.4 billion monthly active users. The only debate was whether the dawning of this new era deserves to be heralded as crypto 2.0 or internet 3.0.
My favourite line about Libra, which Facebook hopes to launch next year, comes from Ribbit Capital, one of the project’s venture capital backers.
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