02/10/19 05:00 UTC-4

Mark Zuckerberg spoke at an internal Facebook Libra meeting

CryptocurrencyMark Zuckerberg at a Facebook meeting
Mark Zuckerberg at a Facebook meeting

From an internal Facebook meeting, there was a recording of a speech received by The Verge, where CEO Mark Zuckerberg expressed his thoughts on the project of a stable coin of the Libra social media giant.  

Mark Zuckerberg about Libra

In the entry, Zuckerberg reaffirmed Libra’s goal:

“to support a new kind of digital money that can work globally and stably, adding that Libra is a new type of system that will be implemented by large companies, not just Facebook.”

“By the time we launch, we expect that there will be more than 100 companies,” said Zuckerberg.

Zuckerberg also acknowledges that finance is a very tightly regulated space and that the Facebook team needs to take a more consultative approach when launching a project that touches on very important aspects of society.

“There are many important issues that need to be addressed to prevent money laundering and terrorist financing. There are many requirements for who your customer is. We are already paying great attention to this,” said Zuckerberg.

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See also: "BayernLB Bank analysts predict the growth of Bitcoin to $90,000"

#MarkZuckerberg #Facebook #Libra #cryptocurrency

Editor: Yuliya Soroka


12/10/19 04:20 UTC-4

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