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10/23, 7:36 PM (Source: TeleTrader)
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Libra to eliminate friction when buying ads - Zuckerberg

One of Libra's upsides, according to Facebook's CEO Mark Zuckerberg, will be "eliminating friction" when buying ads, although it is likely that ads will become more expensive over time due to the use of the cryptocurrency, Zuckerberg pointed out. As one of the areas in which its positive effect could be felt will, according to him, be Instagram shopping as it will make online shopping easier.

But before Facebook feels any "positive business impact" from Libra, he stated, the cryptocurrency will have to pass all necessary legal requirements and have a positive impact on the lives of people, in line with the social media giant's mission of creating added value for ordinary people.

He, however, failed to precise who will be responsible should Libra fail as, according to the representatives questioning him, it will have no single entity in charge of keeping it in check.

Breaking the News / GG