As it meets with backers on Monday, Facebook is realising just how much. Digital transformation in banking is welcome, but regulators are right to argue that Facebook has yet to make the case for its own e-bucks. Libra — billed as a “stablecoin”, pegged to a basket of currencies — was sold as a disrupter that could bank the unbanked and slash transaction costs and times. Read More...
As it meets with backers on Monday, Facebook is realising just how much. Digital transformation in banking is welcome, but regulators are right to argue that Facebook has yet to make the case for its own e-bucks. Libra — billed as a “stablecoin”, pegged to a basket of currencies — was sold as a disrupter that could bank the unbanked and slash transaction costs and times.
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