Facebook's New Libra Cryptocurrency to Have Over 100 Launch Partners

The video discusses Libra, a cryptocurrency backed by Fiat money, and its blockchain-based governance. It covers the absence of major tech companies and banks among launch partners, the use of wallets, and transaction privacy. Regulatory challenges are addressed, emphasizing the need for compliance. The vision for a permissionless blockchain is explained, highlighting its long-term benefits. Finally, strategies to include the underbanked in the Libra network are discussed, focusing on financial inclusion and low-cost transactions.

How does Libra intend to handle the potential for illegal transactions on its network?

How does Libra plan to ensure that transactions are not shielded from regulatory oversight?

What role do custodial wallets play in the Libra network?

What are the expected benefits of having multiple wallets in the Libra ecosystem?