The big story this week was Facebook's launch of "cryptocurrency" Libra.
The link above from Techcrunch is the most comprehensive explainer.
Wired has put out a briefer note here
🤯And here's a perceptive view
about how calling it a "cryptocurrency" is a brilliant marketing strategy for Facebook at large.
Aside from the "is it really crypto/de-centralised?" debate, I think the simple scale of Facebook (incl. Instagram & WhatsApp) give it massive network effects for them to make consumer adoption work.
🤓My sense is this will be a bigger deal in markets like India than the US/Europe.
Elsewhere: (Tweetstorm) How will Libra work in India?