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In regards to Facebook launching a new cryptocurrency called Libra Why do you think more than a dozen companies including Visa Inc., Mastercard Inc., PayPal

In regards to Facebook launching a new cryptocurrency called Libra

Why do you think more than a dozen companies including Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Uber Technologies Inc. have signed up to back the new cryptocurrency, and what are the benefits and downsides of pegging the cryptocurrency to a basket of government issued currencies?

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