Libra Is Ready for the Digital Money ‘Space Race’: Dante Disparte
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Whatever you thought of the “unfortunate” positioning of Libra’s first white paper, as Disparte put it, the effort undoubtedly triggered a “space race,” he said, particularly regarding central bank digital currencies (CBDCs).
And a world where 70% of central banks are exploring CBDCs presents an opportunity, he said.
“When they [central banks] take the leap beyond wholesale, which is where most CBDC work is going, and start thinking about retail applications, then we will be in a better world for the fact networks like Libra exist,” Disparte told CoinDesk in a recent interview.
According to the updated white paper, Libra hopes that “these CBDCs could be directly integrated with the Libra Network, removing the need for Libra Networks to manage the associated Reserves, thus reducing credit and custody risk.”
And a world where 70% of central banks are exploring CBDCs presents an opportunity, he said.
“When they [central banks] take the leap beyond wholesale, which is where most CBDC work is going, and start thinking about retail applications, then we will be in a better world for the fact networks like Libra exist,” Disparte told CoinDesk in a recent interview.
According to the updated white paper, Libra hopes that “these CBDCs could be directly integrated with the Libra Network, removing the need for Libra Networks to manage the associated Reserves, thus reducing credit and custody risk.”
The catchy conclusion is the following:
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“You can be NASA, [Libra is] telling the Federal Reserve, and we’ll be the Space-X of money,” is how author and digital money expert Dave Birch put it in a recent article.
Basically: if you can beat them, team with them (and beat the later)
I do not agree if you say that Libra is the new krypto king, because until now Bitcoin is still the king of cryptocurency and there is no altcoin capable of exceeding bitcoin. and Bitcoin will always be the best in the world of Cryptocurency and Bitcoin will always be the King of all coins.. so don't pass on information like this because no one will believe it.
