Brad Garlinghouse, the CEO of blockchain payments network Ripple, thinks that Facebook will fail to launch its Libra digital currency before 2023.
Garlinghouse bets on a 3-year Libra delay
Speaking in an interview with Fortune on Oct. 7, Brad Garlinghouse argued that regulatory pushback would continue to plague the project that was only announced in June, noting:
“I would bet that Libra… let's say, by the end of 2022, I think Libra will not have launched.”
Garlinghouse also noted various problems governments have raised with Facebook around the world over its digital currency plans.
As Cointelegraph reported, it was Germany’s finance minister who most recently vented concerns, arguing that money issuance should remain in the hands of the state.
Tim Cook, the CEO of Apple, said likewise on Oct. 4, adding that the tech giant would not follow Facebook’s lead. Read More...