Facebook says the cryptocurrency, known as Libra, would bridge a gap in the financial system for people who lack access to traditional banking.
source https://www.google.com/url?rct=j&sa=t&url=https://www.washingtonpost.com/technology/2019/07/19/arrogance-ploy-bold-heres-what-officials-are-saying-about-facebooks-libra/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNHn-Y9FwYv0LRm9bOaqvaYOejQm9g
