"Is Facebook about to takeover banking?"...Libra Coin 101 - E90

The Making Cents Podcast

Summary: This week Francis and Jerome go over the Facebook backed Libra Cryptocurrency. With a large global userbase across Facebook, WhatsApp and Instagram, the announcement has caught the attention Regulators and Central Bank officials. Libra is going to be operated by the Libra Association which includes firm such as Uber, Lyft, Mastercard, Spotify, Coinbase etc. This is a separate entity to Facebook and will be based in Switzerland. One of the key points covered in the episode is who the coin is being aimed at, which are people in South America, Africa and Asia, who are considered “unbanked”, or put simply people who do not have access to modern banking and payments. Correction: Wallets don’t hold your cryptocurrency; they hold your private key which is the code you need to be able to access your cryptos. Making Cents Team: Email: [e-mail] Twitter & Instagram: @MakingCentsPC Sam Twitter: @Ms_sammi_xx Jay Twitter: @IMJ_33 Kalisha Twitter: @Miss_K_Vang Francis Twitter: @FrancisAddai_ John Twitter: @thealmanac For enquires and bookings please contact Axum Management Twitter: @AxumManagement Instagram: axummanagement