Libra’s Disparte on big tech’s move into digital currency

Facebook-backed consortium still has more than 3 billion customers in its sights

Dante Disparte
Dante Disparte, Libra Association

What are the primary motivations for establishing libra?

If you think about the challenge that the world’s payment systems broadly have, even in very efficient environments, they’re often ‘walled gardens’ – so there’s very little interoperability between payment operators and payment systems providers. If you’re on the inside of those walled gardens or networks, you’re often afforded the luxury of low-cost, high-security, user-directed payments, which is a very powerful concept around autonomy

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