> Libra will afford people the option to invest in and use a token that is backed 1 for 1 to a basket of global currencies and government bonds at a low cost.

> Libra will afford people the option to invest in and use a token that is backed 1 for 1 to a basket of global currencies and government bonds at a low cost. That part sounds good to me - tying together the international money and trade system has reduced the threat of war. But that argument doesn't imply the need for a foreign (or domestic) corporation to administrate your currency.