Blockchain experts see some value in Facebook’s new cryptocurrency

Blockchain experts see some value in Facebook’s new cryptocurrency

Unlike other forms of cryptocurrency such as bitcoin and ethereum, libra’s value will be linked to a basket of conventional currencies

Blockchain experts have given a cautious welcome to the announcement of libra, Facebook’s new cryptocurrency.

Unlike other forms of cryptocurrency such as bitcoin and ethereum, libra’s value will be linked to a basket of conventional currencies. Users will be able to access libra through Facebook, Messenger, and WhatsApp, but not, for now at least, Instagram.

Libra will be managed by a newly formed Facebook subsidiary, Calibra, but Facebook won’t run the currency directly....

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