Today, G7 countries have documented their concerns about the impact of stablecoins on the global monetary system, US Senator Michael Rounds has offered fresh words of support, and a new survey has emerged on Libra adoption
67% of Nigerian Businesses Would Welcome Libra
While Facebook’s intention to launch a global digital currency sparked reactions among governments and regulators in developed countries, no-one has bothered to ask the opinion of potential users, especially in developing countries.
Andreas Park, Research Director at the Rotman School of Managements FinHub, argued that Libra aimed to become more than just a global currency. Its infrastructure would support smart contracts and could primarily benefit those in developing country, who account for the largest share of Facebook users.
The RIWI’s study involved more than…