What do you folks think of the Libra cyptocurrency?

I read this explainer, via Udhay -
https://techcrunch.com/2019/06/18/facebook-libra/ - some of which flew at a
considerable height over my head. I was wondering what the implications
could be for places like India. (Be kind and use small words please: I'm
the opposite of a geek.)

Thanks

~peter

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