On June 18, Facebook announced the Libra cryptocurrency, a solution to their P2P payments conundrum. As to be expected, this move has gotten a lot of attention. In China, that attention has taken the form of comparing Libra to Tencent's breakthrough Q Coin as well as how WeChat has integrated payments.

Key questions:

• What is Q Coin?
• What's the difference between a virtual currency and a cryptocurrency?
• What is the relationship between Libra, Calibra, and Facebook?
• Will China ever have something like this?

Links

• Everything you need to know about Libra, Facebook’s ambitious cryptocurrency
• Can Facebook’s Libra replicate WeChat Pay’s digital payment dominance?
• Facebook, Libra, and the Long Game
• FACEBOOK’S CALIBRA IS A SECRET WEAPON FOR MONETIZING ITS NEW CRYPTOCURRENCY
• Become a member of TechNode Squared

Hosts

• John Artman, @knowsnothing, TechNode
• Matthew Brennan, @MattyBGoooner, ChinaChannel

Editor

• Peter Isachenko

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• Music: "Theme from Penguins on Parade" by Lee Rosevere, Music for Podcasts 3