A bank account for the world’s poorest or a safe haven for scammers?

Lately, I’ve been trying to get my head around Facebook’s upcoming cryptocurrency, Libra. What kind of impact will it have on democratic society and business? How will it affect the internet and how we communicate with each other? How will the impact — us?

This video by Techcrunch does a good job of explaining what we can expect at the earliest stages of Libra’s development. If Facebook succeeds and Libra becomes popular, that is.