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Wed 19 Jun 2019 11:53 AM

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Video: Facebook's Libra coin - how is it going to work?

Facebook is leaping into the world of cryptocurrency with its own digital money, designed to let people save, send or spend money as easily as firing off text messages.

"Libra" -- described as "a new global currency" -- was unveiled Tuesday in a new initiative in payments for the world's biggest social network with the potential to bring crypto-money out of the shadows and into the mainstream.

(Source: Financial Times YouTube channel)