Facebook Libra Facebook announces plans for Libra. Photo: Shutterstock

On June 18, Facebook announced plans in 2020 to launch Libra, a new cryptocurrency, and Calibra, a digital wallet. It’s tempting to ignore this news because previous wide-eyed speculation over the effect digital wallets, Bitcoin and blockchain would have on credit unions hasn’t come to pass.

But Libra is different. Here are eight reasons it could permanently disrupt the credit union community.

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