Libra, Facebook’s new cryptocurrency, explained

  • Published on Jun 18, 2019
  • On June 18, Facebook announced the debut of its digital currency Libra. Here’s some background on how the initiative works. Subscribe to The Washington Post on TVclip:
    Follow us:
    Twitter: washingtonpost
    Instagram: washingtonpost
    Facebook: washingtonpost/
  • Science & TechnologyScience & Technology

Comments • 368

  • Leslie Keat
    Leslie Keat 15 days ago

    Are there people who use Facebook after their security problems?

  • Shayne Rowe
    Shayne Rowe Month ago

    Avoid Libra crypto and stick to bitcoin, zuckerberg is becoming a greedy parasite going beyond the boundaries of social media trying to centralize crypto currency which can not compete with non centralized crypto.

  • KamakaziOzzie
    KamakaziOzzie Month ago

    Welcome to the first step of the cashless NWO

  • Watchwoman For Jesus Christ

    Cant trust them with info so who wanna trust them with their soul?? This is so the Mark of the Beast system. Turn to God. Jesus warned us about this.

  • Johnny Bucknell
    Johnny Bucknell Month ago

    Never give FB any more power/money. We the people have the power. Do not fall into this trap people.

  • SupportTheTruth 2
    SupportTheTruth 2 2 months ago +1

    "Libra" (JE 3Wbra) is a J uewish-zi-onist currency that will destroy all of us. Please do not come with that all "anti sem!t!c" stuff. Z! oniists JUEWS are evil. Period....

  • ho frankie Frankieho
    ho frankie Frankieho 3 months ago

    Libra will work.

  • K Choi
    K Choi 3 months ago

    Your comments have been deemed offensive. Your libra account has been frozen for 3 weeks.

  • eltiolavara9
    eltiolavara9 3 months ago

    "hey you know how we monitor everyone and act really fishy and evil? please give us your money"
    -reptilian overlord, android 24264E, mark zuccerberg

  • Ric Sta
    Ric Sta 3 months ago

    Think about it, LIBRA shall BALANCE it all out. No more tax returns, nor need to Vote for, or against, any & all potential reforms. Along with 5G by Huawei Technologies, it is getting Much Easier to earn a Living?

  • joeysn7hvn
    joeysn7hvn 3 months ago

    Oh , so this Crypto banking is mostly for 3'rd world countries with no access to banks , or very little access ? I thought it was U.S. based ? Where will the HQ be ? San Fran ? Does this fall under World Bank or Securities and Exchange ?
    "signed too lazy to google"
    edit - An outer space Cayman Island tax ...

  • FunnyPolitics
    FunnyPolitics 3 months ago

    Libra is not a cryptocurrency, it is a digital currency.

  • Everbornn Jackson
    Everbornn Jackson 3 months ago

    Bothers the hell out of me that Coinbase of all companies to be one of the "founding partners" smh

  • Sobra
    Sobra 4 months ago

    Your life has been suspended for hate speech

  • Sobra
    Sobra 4 months ago

    50 50 Like and dislike

  • J Guillory
    J Guillory 4 months ago

    Trust yourself and just use Bitcoin

  • Barry Manifold
    Barry Manifold 4 months ago

    Looks like the rothchilds don’t have access to the financial system anymore.

  • No Name
    No Name 4 months ago

    Ew... Why would I want to hand over my money to a bunch of for-profit corporations to look after? What the hell? They already have enough power over people's lives. How tf is it even a blockchain if it isn't public?
    As if the corporate welfare state run by the oligarchic 1% wasn't enough, now Mark Zuckerberg is trying to implement an omniscient, omnipotent, omnipresent corporate dictatorship through the internet. F*ck off.

  • swordoftruth
    swordoftruth 4 months ago

    This is one huge con job designed to capture and control humanity. One huge ugly TRAP to enslave!

  • nic arb
    nic arb 4 months ago

    My question is: how do people who don't have a bank account input money on their libra account?

  • jesse canter
    jesse canter 4 months ago

    What a joke!

  • John a
    John a 4 months ago

    Don't trust FB. No thanks.

  • jeremy lolo
    jeremy lolo 4 months ago

    it begins

  • Orlando Brown
    Orlando Brown 4 months ago

    All of the critics of this missed the first minute of the video. Libra isn't for your everyday American. It's for places where banking is scarce.

  • Imtiaz Mahmud
    Imtiaz Mahmud 4 months ago

    It is hard to trust Facebook..

  • Rick James
    Rick James 4 months ago

    Now they can ban you from using your own funds if you post something conservative or sane.
    Where do I sign up????
    Can I work there for free too & pledge all I own to be managed by Facebook Communists?

  • CryptoCat
    CryptoCat 4 months ago

    Buy BTC bitcoin

  • Dian Rizky
    Dian Rizky 4 months ago +1


  • Guilherme Marcondes
    Guilherme Marcondes 4 months ago +1

    Where is mr robot ?we need you now

  • D M
    D M 4 months ago

    Trying to stay afloat.

  • George
    George 4 months ago +2

    Facebook has no credibility. The fact that they're spreading their tentacles into the monetary system is nightmarish.

  • Messiah Da Great
    Messiah Da Great 4 months ago

    Facebook SUCK

  • Messiah Da Great
    Messiah Da Great 4 months ago +1

    I hate fakebook no freedom of speech assholes

  • Logan Beri
    Logan Beri 4 months ago

    Libra is also a sanitary pad brand!

  • 0903photography
    0903photography 4 months ago

    Can you please NOT have a vocal fry narrator next time. I could hardly stand to listen. SMH.

  • polarhive
    polarhive 4 months ago +1

    Telegram Open Network 💪

  • Kandarp Vyas
    Kandarp Vyas 4 months ago +1

    So ECOIN from Mr. ROBOT is coming to life

  • Trevor Fitzroy
    Trevor Fitzroy 4 months ago

    you have been demonetized for wrong think. please standy for escort to reeducation camp.

  • HannuKaleviElo
    HannuKaleviElo 4 months ago

    FB try to tricking and lurking people!!!Beware...

  • HannuKaleviElo
    HannuKaleviElo 4 months ago

    Focus on this people!!!My investigation for Interpol, CIA, NSA, FBI and MI6!!! Time to wake up! Read below...

  • Drew Malhotra
    Drew Malhotra 4 months ago +2

    "libra association" sounds like an evil organization to me!

  • Arthur92
    Arthur92 4 months ago


  • F.B.I open up
    F.B.I open up 4 months ago +2

    Why name it libra

    Call it cancer

  • MrPippinsays
    MrPippinsays 4 months ago

    Mark Zuckerburg waiting for "dumb fucks" to flock to his shittocurrency like the lemmings they are.....

  • Sam Lee
    Sam Lee 4 months ago

    That's why I invested in Bliip Box Quantum currency

  • John Smith
    John Smith 4 months ago +2

    Facebook is the 21st century Rockefeller

  • cp1307
    cp1307 4 months ago

    I can imagine the future where zuck is testifying infront of congress saying "we made a mistake".

  • Claude Hayden
    Claude Hayden 4 months ago +2

    No no no no, Facebook cannot be trusted, break them up into the tiniest of pieces.

  • marissa whitley
    marissa whitley 4 months ago +3

    Should've named it Capricorn, then maybe it'd seem more trustworthy.

  • keBron solomon
    keBron solomon 4 months ago

    even though I am skeptical I am probably going to jump on it on the day it launches

  • red drib
    red drib 4 months ago

    at least pretend like you're not trying to take over the world

    • MrPippinsays
      MrPippinsays 4 months ago

      LMAO 😂 ikr? May as well just come out with horns and 666 tattooed on his face.

  • codecaine
    codecaine 4 months ago

    0:15 Displaying HTML code like they are doing something complex in the video. lol

  • ching Lin
    ching Lin 4 months ago

    I think ,
    Facebook Libra is an Application blockchain principle
    Information transparency, openness
    unicom's global currency
    direct cross-border, transfer, exchange currency...
    become the base currency system

    The difference between Libra coins and other digital currencies,
    Libra is the equivalent currency of an entity asset.
    Digital currency is the virtual currency of digital assets.
    Simply speaking, it’s like to China’s Alipay.

  • Roger Mortimer
    Roger Mortimer 4 months ago

    Interesting, but the worst vocal fry I've ever heard

  • Jeff AnTone
    Jeff AnTone 4 months ago

    time to howl wolfs and time to cry .......... a lot of sheep .........wholly sheep there sure are a lot of you.

  • Ionel C
    Ionel C 4 months ago

    A stupid Libra is stolen from the ELECTRONEUM Coin.

    Visit the Electroneum coins page and you will see with your eyes.


  • Robot Time Machine with Gray Bright. Tomorrow Show

    Oh heyyy and HOORAY LIBRA!!! Future money here we goooooo!!! Glad we don't need a time machine to get this magic internet money!!! Good times.

  • byram101
    byram101 4 months ago

    The complexity, lack of oversight and volatility is what has kept Bitcoin and Ethereum from ever becoming more than a cashcow for GPU makers and a hobby for miners. Libra keeps the Good, No cost transactions, Ubiquitous availability, and Blockchain security while removing other cryptocurrencies negatives like extreme value fluctuations. China has gone Cashless, it's time we caught up.

  • Marius Sârbu
    Marius Sârbu 4 months ago

    a new plan to destroy the peoples lives.!

  • CraigVader
    CraigVader 4 months ago +1

    And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of scales in his hand.

    And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

    Revelations 6:5-6