Libra Gets Another Executive, But Does Anyone Care Anymore?
Facebook’s Libra company – the cryptocurrency that will allegedly serve as a global currency everyone can use in the coming future – has appointed James Emmett, the former HSBC European head, to an executive position within its infrastructure. The company applied for a Swiss payments license in April, which has given it an opportunity to bring on several financial experts outside the U.S. to join its growing list of executives.
Between Facebook founder Mark Zuckerberg being grilled by Congress on television to the company’s constant hindering by global watchdogs who are concerned about the company’s methods of collecting and utilizing private information, who even remembered that Libra was still in the works? One of the biggest concerns regarding Libra is that it is a financial company stemming from the same minds that brought the world Facebook.
