RATE Group | Libra Association Exec: Bitcoin is Digital Gold, Very Different to Libra
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Libra Association Exec: Bitcoin is Digital Gold, Very Different to Libra

16 Oct Libra Association Exec: Bitcoin is Digital Gold, Very Different to Libra

Posted at 22:50h in Bitcoin News by

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David Marcus has stated that he is a fan of the original crypto asset. The newly-appointed member of the Libra board of executives added that differences between the currency, originally detailed by Facebook in June, and Bitcoin mean that the two are not in competition.

Marcus, like many others, used the term “digital gold” to describe Bitcoin. In contrast to the number one cryptocurrency by market capitalisation, Libra is focused on maintaining a fixed value and allowing easier access to banking facilities to those lacking them around the world.

 … But Does David Marcus Own Bitcoin?

The head of Facebook’s digital wallet, Calibra, and newly appointed member of the five-strong Libra board of executives, David Marcus, appeared on CNBC’s Squawk Box earlier today. Despite having just concluded the first meeting of the initial 21 founding members, show host Joe “Squawk” Kernan was keen to talk about something closer to his own heart: how Libra’s eventual launch might…

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