Why Facebook wants to launch its own currency

Opportunities from e-commerce and payments are huge, but Facebook will face regulatory hurdles

If any company can take a cryptocurrency mainstream, it is Facebook.

More than two billion people log in to its family of apps and, increasingly, they want to buy things and send one another money.

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A version of this article appeared in the print edition of The Straits Times on May 25, 2019, with the headline 'Why Facebook wants to launch its own currency'. Print Edition | Subscribe