Former Brazil’s Central Bank Head Comes in Support Of Crypto

The ex-Central Bank chief, Gustavo Franco has praised cryptocurrency (Bitcoin) and nudged all major companies to follow Facebook to develop their own cryptos. He argued, “In theory, any global company – not just big IT enterprises could do something similar [to what Facebook proposes to do with Libra]. McDonald’s could create the ‘Mac,’ a cryptocurrency that could be converted into Big Macs. Starbucks could create the ‘Star,’ letting people buy cappuccinos – all based on blockchain technology. Why not?”

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