Facebook’s Announcement of Libra Was ‘Ridiculously Stupid’ By Cointelegraph


© Reuters. R3 CEO: Facebook’s Announcement of Libra Was ‘Ridiculously Stupid’

CEO of blockchain firm R3 has ridiculed the way Facebook (NASDAQ:) introduced its yet-to-be-released Libra stablecoin.

Skepticism surrounding Facebook’s forthcoming Libra stablecoin continues growing as David Rutter, the CEO of enterprise software firm R3, said that the announcement of Libra this summer was “ridiculously stupid,” Financial News reported on Nov. 18.

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