Facebook open to dollar-pegged cryptocurrencies for Libra

Jamie McKane

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Facebook open to dollar-pegged cryptocurrencies for Libra

The head of Facebook Inc.’s Libra project said that it could use cryptocurrencies based on national currencies like the dollar, rather than the synthetic one it initially proposed, Reuters reported.

David Marcus, who oversees the Libra initiative for Facebook, told a banking seminar hosted by the Group of 30 in Washington that Facebook is open to looking at alternative approaches for the currency token it uses.

[Bloomberg]
 

Urist

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Mar 20, 2015
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Whats the point?
Isn't that basically a facebook voucher to buy stuff at the facebook store?
 
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