The Future of Facebook's Currency Looks Rocky As It Loses Supporters

Libra, a digital currency initiative by Facebook, is facing challenges as PayPal withdraws its support. Facebook aims to gather 100 backers, each contributing $10 million, to fund Libra and gain voting rights. However, skepticism from companies like Visa and MasterCard, due to regulatory scrutiny, threatens the project's timeline. Visa has not officially joined, only signing a non-binding letter of intent. Facebook CEO Mark Zuckerberg is open to delaying the 2020 launch to address regulatory concerns.

What new insight or understanding did you gain from this video?