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Steve Forbes Tells Zuckerberg: Use Gold to Back Libra, Call It the ‘Mark’

Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, published on June 25 an open letter to Mark Zuckerberg, advising to back Facebook’s cryptocurrency Libra with gold.

In the letter, Forbes strongly encouraged Facebook’s crypto initiative, emphasizing Libra’s potential to become one of the greatest inventions in the world, which eventually “could replace the U.S. dollar as the global currency.”

At the same time, to become “one of history’s truly seminal creations,” Libra has to be backed by gold as a basic condition, Forbes argued in the letter, opposing it to the current Facebook’s plan to back the coin by a basket of currencies.

Read more at Cointelegraph


#Libra #Facebook


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