Brilliant idea, but not in Zuckerberg’s hands

Stopping Facebook’s Libra in its tracks was a god thing, but authorities should now do something useful and visionary with the cryptocurrency, writes Yanis Varoufakis.

Brilliant idea, but not in Zuckerberg’s hands

Stopping Facebook’s Libra in its tracks was a god thing, but authorities should now do something useful and visionary with the cryptocurrency, writes Yanis Varoufakis.

The Libra Association is fragmenting. Visa, Mastercard, PayPal, Stripe, Mercado Pago, and eBay have abandoned the Facebook-led corporate alliance underpinning Libra, the asset-backed cryptocurrency meant to revolutionise international money.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Revoiced

Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited