Watch Chris Speak About Facebook’s Libra Cryptocurrency
Nowhere is financial technology more likely to transform finance than in the world payments. And perhaps no company is poised to more fundamentally transform payments than Facebook, which announced plans to launch a private global currency, the Libra, in order to facilitate remittances and cross-border flows of money. But the venture is not without challenges. Chris Brummer, a professor of law at Georgetown, speaks on C-span’s Washington Journal about his testimony before Congress on Facebook’s plans, and the project’s potential risks to the financial system.