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Mark Zuckerberg Defends Libra as Payment Solution for the Unbanked

Published 10/23/2019, 07:39 AM
Updated 10/23/2019, 08:41 AM
© Reuters.   Mark Zuckerberg Defends Libra as Payment Solution for the Unbanked
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Facebook’s Libra will be about empowering the unbanked with a payment solution, and innovation should not be stopped. This is the chief message that Mark Zuckerberg prepares to present in the upcoming hearing with the US House of Representatives Committee of Financial Services.

Zuckerberg admitted that coming from Facebook (NASDAQ:FB), a bid to create an alternative payment system creates unpleasant associations. Previously, Facebook attracted the ire of investigators with the Cambridge Analytica scandal, and with accusations of facilitating fake news and possibly swaying the results of the US presidential elections in 2016.

Libra, on the other hand, has aimed at creating a solution for handling payments that spans across countries and different economic levels. So far, Zucker...

This article appeared first on Cryptovest

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