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Facebook’s Crypto Libra is a Huge Deal – Just Not for the Reason you Think

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By CCN Markets: With the release of its whitepaper, Facebook officially announced its cryptocurrency, Libra. It now joins JP Morgan and Atletico Mineiro among the ranks of non-blockchain businesses with their own crypto. What does this mean for cryptocurrency? Will we finally get that LAMBO MOONSHOT we’ve been waiting for, that orgy of FOMO that sends bitcoin to $1 million? Or will people suddenly shun bitcoin for this safe, “backed” money that doesn’t have wild fluctuations in price? We shall see. I’m more interested in Libra for another reason, one much more important than the price of bitcoin. Bitcoin, the corporate version Imagine you ran a

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* First published on ccn.com

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