DAVOS, Switzerland—A senior Facebook executive who sits on the Libra board is “optimistic” the digital currency will launch “sooner rather than later” despite sustained criticism from global regulators, Business Report said.
Despite skepticism and pushback from governments following its announcement, Facebook has claimed Libra will dramatically reduce cross border payments costs, and spur other innovations it hopes will upend global financial services. The social media giant announced its plans to offer the digital currency in June of 2019.
"I’m an optimist. A year ago, we weren’t having the kind of conversations that I think will lead to a regulatory regime that will mean projects like ours and others will see the light of day," said Facebook executive David Marcus, during the 50th World Economic Forum here.