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Facebook CEO Mark Zuckerberg went to Washington this week to convince Congress that it’s a good idea to let his company launch its own global currency.
The new payment system — Libra — would purportedly solve a few problems. First, it’s meant to benefit the many “unbanked” people around the world — those who are they don’t have access to a bank account or can’t use the one they have because the fees are too high. Second, transferring money from country to country is currently quite expensive and Libra wants to cut out those fees. And third, most transactions …
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