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14 December 2019

French Billionaire Calls to France in Support of Facebook’s Libra Cryptocurrency

French Billionaire Calls to France in Support of Facebook’s Libra Cryptocurrency


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Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry who is best known as the founder of the French Internet service provider Iliad, wrote an article for LesEchos expressing his support for the Facebook crypto project, Libra, October 11, 2019.

According to Xavier, France must position itself at the center of this revolution and support this technological process which may coincide with social and human progress.

These considerations stem from the fact that Xavier considers Libra as a more stable alternative to existing currencies which can represent a safe asset in many countries in the event of economical instability; in addition, payments would also be more direct and faster like an SMS.

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