Commercial Banks Stay Away from Facebook’s Libra Currency Project

2019-7-9 14:44

The aim of Facebook to build an international payment system has not appealed to commercial banks, which seek their own fintech solutions.

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Weiss Ratings: Libra occupies the ‘gray area’ between sovereign and decentralised currency

Libra, at the moment, is the “hot potato” of the cryptocurrency world. Anyone and everyone is leaping onto the Facebook cryptocurrency bandwagon and voicing their ‘expert’ opinion, with views ranging from “it’s going to destroy commercial and central banks,” to “regulators will ensure it crash-lands before it takes off.

2019-7-5 12:30