Challenges ahead for Facebook's Libra
While investors seem excited and optimistic about the new digital currency, significant hurdles ensure that it faces an arduous task ahead.
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FACEBOOK'S recently unveiled digital currency, Libra, has drawn much excitement over its potentially transformative impact.
Facebook's 2.5 billion users around the world and the firm's extensive experience in developing user-friendly apps undoubtedly provides Libra with a huge headstart. Users will be able to use Libra to purchase goods, transfer money, as well as for in-app purchases on the Facebook Marketplace, WhatsApp, Instagram, and other affiliated platforms.
This gives Facebook an unrivalled ready market through which to accelerate Libra's early adoption.
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