12.5　Libra

On June 18, 2019, Facebook announced Libra.It is a virtual currency, or cryptocurrency,though some people don’t agree with that definition.In Facebook’s vision, it should become a global currency for billions of people, especially those in developing countries who have no access to banks or financial services.Facebook CEO Mark Zuckerberg is not doing this alone—a bunch of Silicon Valley hotshots are also on-board with the plan.Libra will be governed by the Libra Association, a Swiss group including 28 members—among which are Facebook subsidiary Calibra, Uber, PayPal, Mastercard, Visa, Spotify, and many other household names in technology and finance.