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OPLIN 4Cast #652: Do we have to start taking cryptocurrency seriously now?

Posted in 4cast, and cryptocurrency

We first discussed digital currencies 8 years ago, way back in 4Cast #231. We talked about the blockchain technology that makes it possible, the financial bubble it enabled, and the threat of cryptojacking. But let’s face it: you haven’t really thought you needed to pay close attention because you don’t really have access to or need to use a Bitcoin wallet.

Now Facebook has announced that they intend to offer digital currencies to the masses through their subsidiary Calibra. Aiming to bring basic financial services to people without bank accounts or access to credit, Calibra promises to make sending and spending their digital currency (Libra) as easy as “sending a text message.” Is it time to pay attention? Financial markets and the governments are taking notice.

From the Ohio Web Library: