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Cryptopolitan 2020-01-03 12:36:49

ECB urges banks to come up with cheaper alternative to stablecoin Libra

Facebook’s stablecoin Libra continues to give nightmares to government officials and banks across the world as a policymaker from the European Central Bank (ECB) and President of the German central bank, Jens Weidmann, urges European banks to bring about cheaper, faster and more secure alternative to Libra, reports a German news outlet on 2nd January 2020. No doubt, Libra is one of the most anticipated projects of 2020; however, the Zuckerberg-led initiative has so far struggled to keep regulators satisfied and supporting partners on board. Ever since its launch, Libra has managed to strike all the wrong chords and offered

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