Of course, all of this might come to nothing. This isn’t the first time that Facebook has attempted to launch a digital wallet. See a recent Financial Times article for more details on the specific regulatory hurdles that the cryptocurrency may face when a company the size of Facebook try to take on the banks. A proliferation of speculative ICOs and even Bitcoin might be one thing, but when a force the size of Facebook enters this space, significant financial regulation surely won’t be far behind. And finally, who knows, Libra might also be the mainstream push that actually empowers people to engage with less mainstream alternatives as more than speculative instruments, normalising alternative forms of money for users who are still unfamiliar with the technology. But probably not.