Welcome to WebmasterWorld Guest from

Forum Moderators: not2easy

Facebook Suggests Libra Could Be Based Upon National Currencies

2:46 pm on Oct 21, 2019 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
votes: 1076

Facebook has had a great deal of criticism since its cryptocurrency Libra, was proposed, and it seems it's now suggesting it could be based upon national currencies, instead of it's own "synthetic" currency.
“We could do it differently,” he said. “Instead of having a synthetic unit ... we could have a series of stablecoins, a dollar stablecoin, a euro stablecoin, a sterling pound stable coin, etc,” Marcus told the panel.


Earlier stories
Facebook's Calibra Sued Over Similar Looking Logo [webmasterworld.com]
EBay, Visa, Mastercard and Stripe Pull Out of Facebook Libra Project [webmasterworld.com]