TransferWise CEO discusses Facebook's libra project

Weighing in on Facebook's libra, Kristo Käärmann of TransferWise says inventing a new currency "isn't necessarily helping" to reduce the costs and inefficiencies related to moving money from one country to another. He says it's hard to imagine a big community of countries of giving up their national currencies and starting to use a common one.
Wed, Nov 6 20191:23 AM EST