Facebook Says Its New Cryptocurrency Will Be Better Than Bitcoin

Jun.18 — Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar. Called Libra, the new currency will launch as soon as next year and be what’s known as a stablecoin — a digital currency that’s supported by established government-backed currencies and securities. Alastair Marsh reports on “Bloomberg Surveillance.”

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