Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of the European Central Bank (ECB). Euro Area Banks Should Not Rely on Facebook’s Libra Banks in the Euro area should explore tools for faster, cheaper transfers, but also be cautious about avoiding Libra and cryptocurrency technologies from the private sector, reported Bloomberg. Weidmann also differentiated himself fromRead More The post appeared first on Bitcoinist.com.
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