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Facebook, Libra – freedom, justice and money
- Thursday | 20th June, 2019
Now, Facebook has turned (properly) to payments and the service will be called Libra. When something big is in the works, Facebook normally calls on the PayPal founder David Marcus to lead the project. The project is called Libra because, says Marcus, ‘it is inspired by Roman weight measurements, the astrological sign for justice and the French word for freedom’. So you get his ‘freedom, justice and money (for all)?’ quote and you have to worry about the Facebook marketing organisation and whether they have been watching too many reruns of the Three Musketeers. If the story of how Libra will work is true then the set up looks (at face value) quite compelling.
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