Jim Cramer: How Facebook's Libra Can Bring Cryptocurrency to the Masses

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Real Money Stock of the Day Facebook (FB) - Get Facebook, Inc. Class A Report released the white paper for its Libra cryptocurrency. 

Although, Jim Cramer has some beef with using the term "cryptocurrency" to describe Libra.

But anyway...

During Cramer's exclusive members-only Action Alerts PLUS Daily Rundown show on Monday, Cramer broke down his thoughts ahead of the white paper, calling Libra the "anti-Facebook."

"It's private. You can't crack it. The transactions will be private and that is anti-Facebook," Cramer explained.

The social media giant has also been under a lot of pressure from government regulators due to various privacy issues, and most analysts think Facebook's new crypto may give the company a big lift in more ways than one.

Cramer broke down some more of his thoughts on Libra in his morning column over on Real Money.

Related. Libra: What You Need to Know About Facebook's New Cryptocurrency

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