The proposed libra token will be managed by a Switzerland-based organization known as the Libra Association.
Treacher adds that it is, however, still a "really good thing" that a Silicon Valley giant is playing a role in the space.SOPA Images | LightRocket | Getty Imagesplan to create a digital currency comes with one major flaw, according to an executive at blockchain start-up Ripple.
Marcus Treacher, Ripple's senior vice president of customer success, told CNBC earlier this week that a big problem with the social network's Libra project is that it's a "walled garden" — in other words, a closed system.in relation to the control they have over their software and apps. Facebook's proposed libra token will be managed by a Switzerland-based organization known as the Libra Association, whose members include Visa,
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