Xavier Niel, a French tycoon, founder of the Iliad telecommunications group, and one of the investors in Facebook’s Libra project, said that Libra is “inevitable” and “will exist” like any other of 1,600 available cryptocurrencies.
The Libra launch is inevitable
In the interview with the French financial newspaper Les Echos, published on Friday, Niel also stated that it would not be beneficial to reject Libra or refuse to accept the cryptocurrency.
“With Libra, payments will be safer, more individual, and faster,” said Niel, adding that there would be no intermediary that would influence costs and no bank monopoly.
Continuing to protect the project, the billionaire, who owns $3.9 billion, said that Libra is a robust project that guarantees data protection.
Interesting in the section: Visa and Mastercard doubt Libra project
Facebook’s CEO Mark Zuckerberg will testify before the US Congress on Libra on October 23.
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