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Facebook Libra: Five Questions for the World's Newest Cryptocurrency

Martin Baccardax

Known as Libra, an amalgam of references including the French work for Freedom, Roman weights and measures and a fresh translation of "freedom," the digital coin marks what could be the start of a next-generation of payments that could irrevocably change the way we think of global commerce. Here are five basic questions that many people are asking following the Libra Association's "white paper" publication earlier Tuesday in Geneva. Libra is a digital "stablecoin," similar in many ways to Ripple, that will allow users to buy and sell goods and services on the Facebook platform.