July 25, 2019

The Line Has Been Drawn: Facebook Libra Has a Challenger

Powerledger’s Dr Jemma Green says one opponent could give the social media giant a run for its money.

As a former investment banker at JP Morgan, Powerledger Co-Founder and Executive Chairman Dr Jemma Green says Facebook’s cryptocurrency has some initial red flags.

Among them is what will happen if Facebook ends up becoming the largest concentration of global banking, and as a result diminishes the power of nation state central banks?

In an article for Forbes, Dr Green discusses these issues as well as how Fluidity, a financial technology company based in Brooklyn, plays into Facebook’s broader plan.

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