Libra exec promises Facebook’s plan isn’t to replace existing currencies

The Libra Association really wants us to know that Facebook’s ‘cryptocurrency’ is not being created to replace existing currencies. Manager Director Bertrand Perez, speaking at a blockchain conference hosted at the United Nation headquarters in Geneva today, said: “We are not in the area of implementing any monetary policy with the (Libra) Reserve.” Additionally, Perez went on to say that the digital currency could help achieve many UN sustainable development goals, including eradicating poverty and improving gender equality – Libra would also benefit the tech giant’s bottom line. Perez’s remarks come just one day after Facebook CEO Mark Zuckerberg spoke about his willingness…

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