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Will Facebook’s Cryptocurrency Prove Buffett and Munger Wrong?

Jitendra Parashar
Will Facebook’s Cryptocurrency Prove Buffett and Munger Wrong?

On June 18, US social media giant Facebook (FB) revealed the details of its upcoming cryptocurrency, Libra. The company has formed a financial services subsidiary called Calibra to allow people to transact using Libra. In simple terms, Calibra is Facebook’s new digital wallet.