Facebook’s CEO Mark Zuckerberg has revealed in an interview that he is “really focused” on making sure the social media giant launches its cryptocurrency Libra well.
In the interview, Zuckerberg spoke to Nikkei at Facebook’s headquarters in Silicon Valley. He acknowledge the company used to take a “move fast and break things” approach which saw it get “behind [in] doing some of the work that we needed to do.”
Now, the company s taking a “look-before-you-leap approach” with its new projects, and this includes its upcoming cryptocurrency Libra, witch Zuckerberg reportedly pitched as a way to help people in emerging economies have access to the financial system.
Regarding regulators’ concerns on the cryptocurrency, he said Facebook is “committed to making sure that we work through all of those before moving forward,” emphasizing the need for dialogue. As covered, earlier this month both Germany and France opposed the launch of Libra in Europe.
Zuckerberg sidestepped questions regarding the cryptocurrency’s 2020 launch, stating:
Obviously we want to move forward at some point soon [and] not have this take many years to roll out. But right now I'm really focused on making sure that we do this well.
The CEO of the social media giant added Facebook wants to have a period where it can consult with others and get feedback on potential issues, before rolling out new features. This week the company acquired a chatbot maker as it was seemingly preparing to deal with Calibra’s customer service.
Featured image via Unsplash.