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Facebook Suggests Libra Could Be Based Upon National Currencies

     
2:46 pm on Oct 21, 2019 (gmt 0)

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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.


[reuters.com...]

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