Bank Of England Governor Says Libra Has Several Issues It Needs To Fix Before Launch

The governor of the Bank of England, Mark Carney has recently said that people need to be aware of the problems that Facebook is attempting to fix with its upcoming stablecoin, Libra. Despite the downsides of the project Carney spoke on the recently announced cryptocurrency at the Financial Stability Report press conference earlier this week on 11th July.
Carney said:

“It’s way too expensive to do domestic payments. It’s way too slow, and that hurts consumers and businesses. It stifles innovation, and it’s far too expensive to send money cross-border, and there

This post is an exerpt of an original post published on Crypto Daily. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.