What happens when a tech titan with a market capitalization of 556.63B (YCharts) and 2.38 monthly active users (Statista) start building its own cryptocurrency?

Cryptocurrency’s total market capitalization is $324,079,242,875, slightly above half of Facebook’s own market cap.

In this course, we will explore the following, based on what we know on the Internet:

• Timeline and Significant Events
• Facebook Libra’s Whitepaper
• What is Facebook’s Project Libra?
• How will Facebook’s entry into blockchain/cryptocurrency affect the status quo?

On its surface, Libra is a new global cryptocurrency that runs on a network with the same name. It’s stated mission is to create a simple global financial infrastructure that empowers billions of people around the world. It’s powered by blockchain technology and tentative goals slate its launch in 2020.

Calibra on the other hand is the payment system (wallet) and product of Facebook’s Calibra subsidiary. It will be integrated on Facebook’s existing suite of services and applications. But it will also come as its own standalone app. Their stated mission is to reinvent the world’s financial system and empower individuals.