On June 18, Facebook, in partnership with a surfeit of other large and powerful corporations, including Uber, Spotify, PayPal and Visa, announced that it would lead the effort to create a new global currency called Libra.
"We believe," says the organisation that will govern the currency, "that the world needs a global, digitally native currency that brings together the attributes of the world's best currencies: Stability, low inflation, wide global acceptance and fungibility."
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