Facebook’s offer to create an international payment system leaves commercial banks cold, commented the Financial Times. Banks, in general, have been cautious in testing older digital assets, including Ripple’s XRP, Stellar, and other networks offering the potential for international remittances.
However, despite the numerous partners joining the Libra Association, the opinion of commercial banks is not formed yet, and mostly skeptical.
“We’re still learning what it is and trying to work out where we stand on it; are we an opponent, partner or do we ignore?,” said a person familiar with the approach to the project of one of the world’s biggest banks.
The sentiment of comm...