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 Podcast information iTunes Spotify RSS feed Music: "Theme from Penguins on Parade" by Lee Rosevere, Music for Podcasts 3