CEO Of Libra Backer eBay Says The Planned Digital Coin Is A Gamble, But The Payoff Is Worth It

Updated : 2019-07-21T15:50:02

"We are sponsors of this [Libra], in part, because crypto and blockchain in particular have great promise," says eBay chief Devin Wenig.

"Will Libra work? I think it is speculative," says Wenig. "We all know that. But it is promising, and it’s worth a try."

Last month, Facebook announced an effort to create Libra and launch it in early 2020. A nonprofit association, not Facebook, will run it.