When you collect as many friends, users, and enemies as Facebook has, political scrutiny is bound to target even the most innovative initiatives. A plan by the social media giant to enter the world of virtual currency is attracting predictable skepticism and confrontation throughout Washington D.C.
In June, Facebook announced it was entering the cryptocurrency space with a global payments network called Calibra, a digital wallet for Libra, a global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp, and as a standalone app.
