20 Jun 2019

Pacific welcomes Facebook digital currency

From Morning Report, 8:39 am on 20 June 2019

Some of New Zealand's Pacific community are hopeful Facebook's new digital currency may end long waits for money to be transferred home.

The tech giant plans to roll out its own currency Libra next year after forming a new entity with major companies including Mastercard and Paypal.

But experts say it's been tried before and the tech giant will come up against the same regulatory barriers others have struggled to break.

Tom Furley reports.