David Marcus, Facebook’s Libra lead, has defended the technology giant’s ‘cryptocurrency’ project saying “the most meaningful innovations that have changed the lives of millions across the world in a profound way have always been met with damning headlines.” Marcus was speaking at Money 20/20, an industry conference held in Las Vegas, in a bid to provide some insight into how Libra seeks to improve traditional payment rails by offering a novel, and secure way, of moving money. To make his point, Marcus resorted to examples including the internet, electricity, mobile phones, and smartphones noting that like them, Libra also has the…
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