By CCN Markets: Facebook confirmed that its new cryptocurrency Libra isn’t designed to kill or compete with bitcoin. David Marcus, the man leading Facebook’s crypto efforts, said Libra and bitcoin can co-exist with differing use cases and that’s he a big fan of BTC. In a tweet yesterday, he explained that Libra is designed to be a stable payment system. On the other hand, Bitcoin, he believes, is a store of value or a non-correlated asset, playing into the ‘digital gold’ narrative. “Many want to pit Libra vs. Bitcoin. In my mind these two are not in the same category.

The post Facebook Cryptocurrency Chief Says Libra Is Not a Threat to Bitcoin appeared first on CCN Markets