Facebook proposes a new stablecoins design for Libra

Facebook proposes a new stablecoins design for Libra

Head of Facebook’s Libra Project David Marcus said that instead of using the synthetic currency, Facebook is open to using stablecoins pegged to national currencies. Speaking at a banking seminar, Marcus assured that his company’s main goal is to create a better and efficient payment system. He added that his company is still aiming for a June 2020 launch for Libra.

KCooper
KCooper
Tsila Noitan (Backer)
Tsila Noitan (Backer) 6 months

do these idiotic corporatists not understand nobody wants to use a corporate crypto

Matthew
Matthew 6 months

so a crypto-currency with an alternative stablecoin tied to the US economy but not dependant on the US Dollar. I'm going to go ahead and assume to cost of entry will end up being too high for average Americans and this currency will not be taxed. seems like another way for millionaires and billionaires to hoard wealth.

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