Why Facebook’s cryptocurrency could threaten privacy and competition

Why Facebook’s cryptocurrency could threaten privacy and competition
Why Facebook's cryptocurrency could threaten privacy and competition

“Do you trust Mark Zuckerberg with anything around privacy at this point?” asks journalist David Dayen of The American Prospect as Facebook announces the launch of their new cryptocurrency, Libra. The company aims to create a currency that can be used in poor regions of the world in place of struggling local currencies, but Dayen is skeptical of how they’ll use people’s data.

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