RATE Group | Ethereum co-founder Lubin comments on Libra and China’s PBOC-backed digital currency
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Ethereum co-founder Lubin comments on Libra and China’s PBOC-backed digital currency

05 Nov Ethereum co-founder Lubin comments on Libra and China’s PBOC-backed digital currency

Posted at 10:19h in Ethereum News by

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  • Facebook with its history is not the right leader for Libra according to Lubim.
  • China’s CBDC could leave the decentralized aspects of the blockchain out of the equation.

CNBC’s Squawk Box Asia interviewed Ethereum’s co-founder Joseph Lubin where he talked about the impending grand projects, Facebook’s proposed Libra and China’s digital currency.

In his opinion, Lubin says that Facebook is not the right entity to head Libra. He said that light of Facebook’s questionable track record with trust, data protection and personal identity. Facebook has in the past used users’ data to push the company agenda and even monetize the information without the required permission. Lubin believes that Libra-like digital assets will be key players in cross-border payments and future commerce. He said:

“We’ll see many Libra-like projects going forward with different kinds of price-stable currencies offered.”

Regarding China’s soon to be launched…

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