Facebook's dream of creating its own global cryptocurrency officially comes to an end

In June 2019, after years of being under scrutiny for the impact its platforms have on society, Facebook unveiled one of its most ambitious projects yet: a cryptocurrency called Libra, which would be backed by an international consortium of companies. The effort had such lofty goals as providing financial services to the underbanked and extending the social media company's mission of connecting the world into the burgeoning market for digital money.

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