Facebook and a coalition of major tech and financial companies are planning on creating a new crypto-currency called Libra that promises to make online payment processing swifter, safer, and less expensive. Diego Zuluaga joins Paul to discuss how Libra differs from other crypto-currencies and to provide some calm, rational analysis about a topic that has provoked intense knee-jerk reactions.

What is Libra? What are the constitutional behaviors of Libra? What is Libra’s structure of governance? How do you switch from U.S. dollars and your Libra account? How can Libra help you send money to your families in other countries? How will Libra be regulated?

Further Reading:

Of Libras and Zebras: What Are the True Financial Risks of the Facebook-led Digital Currency (Part I: Systemic Risk), written by Diego Zuluaga

Facebook’s Libra Is Part of a Welcome Trend, written by Diego Zuluaga

Facebook has a second chance to sell Libra on Capitol Hill today, written by Clare Duffy

Related Content:

What’s in Your (Crypto) Wallet?, Building Tomorrow Podcast

How a Honey Bear Is Reinvigorating Cryptocurrency Mining, written by Spencer Neale

Decentralization and Privacy Are Inevitable — in Tech and in Government, written by Aaron Ross Powell

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