INDIA - 2019/08/30: In this photo illustration a popular decentralised digital currency Bitcoin - ... [+] Libra logo seen displayed on a smartphone. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images“Everyone” says that Facebook’s Libra is a cryptocurrency. Once you read and understand what cryptocurrency is, it becomes very clear that, whatever Libra may be, it is NOT a cryptocurrency. With Libra, Facebook is designing and building it. Just like Facebook owns and controls all the computers that run Facebook, Libra will own and control all the computers that run Libra in a private data center.

Source: Forbes October 23, 2019 14:26 UTC