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Facebook's Libra could become bigger than NZ dollar

Damien Venuto
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Damien Venuto is a business writer for the New Zealand Herald·NZ Herald·
5 mins to read

COMMENT:

Facebook's Libra cryptocurrency could be an abject failure and it would still be more widely used than the New Zealand dollar.

The social media company commands a global user base of 2.7 billion people across its platforms, all of whom could potentially end up using the company's planned currency.

To put that into perspective, it would take just 0.2 per cent of Facebook users to make Libra as widely used as the New Zealand dollar.

As pointed out by

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