National: Will Facebook’s New Cryptocurrency Enable Foreign Election Meddling? | Jonathan Berr/Forbes
Facebook is trying to convince U.S. regulators that it is ready to fight efforts by foreigners to interfere with the 2020 Presidential Election while at the same time promoting its Libra cryptocurrency that may make it easier to do just that. The social media giant says it will accept the cryptocurrency anywhere where it takes payments and at least for now won’t rule out allowing it to be used to buy political ads “It’s still early, and we are currently focused on building Calibra (The Facebook div8sion that will handle Libra) and working with the Libra Association and its members to launch Libra next year,” according to a Facebook spokesperson. “We don’t have any further specifics to share at this time.” Some experts are concerned. “If they design the system poorly then it will be easier for all of this problematic content to be funded,” Syracuse University Jennifer Grygiel recently told The Telegraph, a U.K. newspaper,