On Thursday, Rounds sent a supportive letter to Libra Association member Anchorage, a San Francisco-based company that describes itself as a “digital asset custodian.” Anchorage tweeted the letter, saying that it is committed to continuing to work with Libra.
Rounds positioned Libra as a necessary development that would allow US tech companies to continue competing with Chinese companies. He wrote that he sees a future in cryptocurrencies and digital payments, so he doesn't understand his colleagues' “hostility.” According to Rounds, more than 80% of Chinese consumers used digital payments in the last year, compared to fewer than 10% of US consumers. Full story at Business Insider
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