Facebook's Libra Announcement Was Seismic Event

Facebook's Libra Announcement Was Seismic Event
AP Photo/Rick Bowmer, File

Facebook's cryptocurrency announcement was a seismic event, and it has nothing to do with Bitcoin or a digital bubble. The implications go way beyond the tech sector and could eventually affect massive sectors of the global economy. Even if Facebook's product ultimately fails, the announcement is the long-awaited inflection point for industries and governments to start learning what blockchain is, and how it might change the way they operate.

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