Facebook launches Libra Coin Crypto Currency and Everyone hates it

Episode 1602 (07:23)

Libra 

Facebook has launched Libra Coin, and already many countries have banned its use. The US will investigate Facebook over it, and banks will refuse to accept it. But companies like MasterCard, Paypal (of course) and others will be accepting it. Leo says that if governments hate it, it's a maybe a good thing. But only time will tell. The real problem is, Facebook wants to tie your account to your banking information, and even though Facebook says all transactions will be private, with Facebook's fantastic record of security and privacy, what could possibly go wrong?