Quant Lipton pans Facebook’s Libra

Former Bank of America exec sees more potential in rival projects, such as utility settlement coin

alex-lipton-2016

Like an “elephant in a china shop”. That’s how Alexander Lipton, former co-head of the global quantitative group at Bank of America Merrill Lynch, describes Facebook’s effort to launch a digital currency, called Libra.

Speaking at Risk.nets Quant Summit on July 18, Lipton said it was “far-fetched and slightly demeaning to suggest a company scrip as a future of money”.

Facebook claims Libra – which will be backed by a basket of fiat currencies and run on a permissioned blockchain network –

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: