ECB official urges European banks to counter Facebook’s Libra with a cheaper payment solution

Jens Weidmann, President of Germany’s central bank and a policymaker with the European Central Bank (ECB), has called on banks to come up with a cheaper and faster payment solution to counter Facebook-led proposed stablecoin Libra. “I don’t believe in always calling for the state right away” to come up with solutions, Weidmann said in […]The post ECB official urges European banks to counter Facebook’s Libra with a cheaper payment solution appeared first on The Block.