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Will Facebook’s Crypto Entry Kill Bitcoin—or Make It Mainstream?

Mayur Sontakke, CFA, FRM
Will Facebook’s Crypto Entry Kill Bitcoin—or Make It Mainstream?

Last week, we wrote about Facebook’s cryptocurrency project. Facebook (FB) is expected to launch its own cryptocurrency, codenamed Libra, on June 18. Payment industry stalwarts Visa (V), Mastercard (MA), and Paypal (PYPL) have also signed up for the project.