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Facebook to hire banking expert to run 'Libra'
Facebook to hire banking expert to run 'Libra'

San Francisco, June 30 (TIWN) Facebook is looking to hire a seasoned executive to run its digital coin 'Libra' project who has the know-how of the complex government and central banking system.

 According to David Marcus, Facebook''s vice president of messaging products and a key figure behind ''Libra'' digital currency project, someone with experience in government and central banking would be a great choice to oversee the currency.  "We need someone who knows how economies tend to work, who understands how to operate in a very complex, decentralized governance type of environment," Marcus told The Information on Friday.  Sensing a multi-billion dollar opportunity to improve the cross-border payments system, Facebook has announced to launch its own digital coin called ''Libra'' next year. 

"We need someone who has the gravitas to be able to carry the message on behalf of all the members -- the 100 members and more of the association when this thing goes live -- rather than have each and every one of us have piecemeal conversations left and right with all of the different governments and regulators that this whole network will be subject to," Marcus elaborated.

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