Facebook's Cryptocurrency

Facebook’s Cryptocurrency: A CEO’s Opportunity

Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people. The plan for Libra is a new decentralized blockchain, low-volatility cryptocurrency, and smart contract platform that together aim to create a new opportunity for responsible financial services innovation.

EXCERPT FROM OFFICIAL LIBRA WHITE PAPER:

The Opportunity

"As we embark on this journey together, we think it is important to share our beliefs to align the community and ecosystem we intend to spark around this initiative:

  • We believe that many more people should have access to financial services and to cheap capital.
  • We believe that people have an inherent right to control the fruit of their legal labor.
  • We believe that global, open, instant, and low-cost movement of money will create immense economic opportunity and more commerce across the world.
  • We believe that people will increasingly trust decentralized forms of governance.
  • We believe that a global currency and financial infrastructure should be designed and governed as a public good.
  • We believe that we all have a responsibility to help advance financial inclusion, support ethical actors, and continuously uphold the integrity of the ecosystem."

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