Dante Disparte, head of policy and communications for the Libra Association, describes the roles of the various entities that make up the Libra ecosystem and how he came to be in this position. He addresses the most common concern being expressed: why people should trust a financial system designed by Facebook, which has lost public trust over privacy breaches. Plus, we discuss how Facebook will handle the financial information of Calibra’s users, how the Libra Association will deal with the regulatory headwinds and why he believes that it’s better if the project succeeds. We also discuss what impact this currency could have on the currencies of developing countries, what an identity system based on Libra might look like, and how it plans to get banks on board. Plus, we discuss what its social impact goals are.
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Dante Disparte: https://twitter.com/ddisparte
The Libra Association: https://libra.org/en-US/association/
More details on the Libra Association: https://libra.org/en-US/association-council-principles/#overview
Security and privacy on the Libra network: https://libra.org/en-US/security-privacy/#overview
Commitment to compliance and consumer protection: https://libra.org/en-US/compliance-consumer-protection/#overview
France calls for central bank review of Libra: https://www.bloomberg.com/news/articles/2019-06-18/france-calls-for-central-bank-review-of-facebook-cryptocurrency
Senate banking hearing on Libra is scheduled: https://twitter.com/ElleBeyoud/status/1141429557846781960 (link to webcast: https://www.banking.senate.gov/hearings)
Europe working around US sanctions: https://www.apnews.com/b7fbb9c4b97b41c98d625cea0529386b