Backlash over Facebook Libra flags flaws in existing payment systems

On the 07.18.19 at 7:25PM


Tuba Raqshan

Facebook’s proposed blockchain-backed digital currency Libra has already caused a massive disruption even before its launch and sparked concerns at the G7 Finances meeting held on 17 July.

The Libra Association, whose members include giant corporations such as Mastercard, Visa, Paypal, Uber, Vodafone and many others, will govern Libra, a global digital currency backed by a reserve of assets.

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