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Libra is a major innovation for finance

There is a very real need for a better financial system in developing economies. Cryptocurrencies (and in particular coins pegged to real-world currencies or assets like Facebook's Libra) would play a key role in impacting this.

Facebook's Libra currency set for 2020

After several weeks of rumors, Facebook has officially announced that its much-anticipated cryptocurrency, Libra, will be launched in 2020. Libra already has the backing of 27 organizations so far who are said to each be investing $10 million.