Facebook wants to launch its own digital currency by 2020: Libra. The goal of this new global cryptocurrency is to create a financial infrastructure. This should give billions of people self-determination, so that people all over the world get a better quality of life.
However, there are several parties who have doubts about this new cryptocurrency. For example, the European Commission is concerned about how the digital currency may create competition restrictions. That is why the commission has launched an investigation into Libra, according to press agency Bloomberg this month.
Shikko Nijland and Douwe Lycklama also have their doubts. Is Libra really about transactions and trust? Or is it more about world dominance? In their blog they explain why there is much more to Libra than initially thought.