Libra’s co-creator had geopolitical motivations to build the digital currency

Date:

Share post:


“What got me out of bed every morning was China”

Morgan Beller, the co-creator of Meta’s now-defunct Libra digital currency project, revealed on stage at TechCrunch Disrupt 2023 that “what got [her] out of bed every morning [at the time] was China.”

In case that wasn’t explicit enough, Beller directly referred to the Belt and Road Initiative, which is considered a centerpiece of China’s foreign policy. Spicy, isn’t it? Let’s unpack this.

First, a caveat: Beller prefaced her comments with a disclaimer that she wasn’t talking on behalf of Meta; she is now a general partner at venture firm NFX.

Still, it adds new context to Libra — and Meta — to know that its co-creator was motivated by geopolitical concerns about the Chinese Communist Party.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Tesla releases the Cybertruck, Sam Altman officially returns to OpenAI, and Evernote cripples its free plan

Hi, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter that highlights some of the more noteworthy...

Shein a light

Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where...

Deal Dive: Betting on beauty fads is big business

As a woman in her 20s with an Instagram account, I’ve witnessed the explosive rise and destigmatization...

I’m watching ‘AI upscaled’ Star Trek and it isn’t terrible

For years, dedicated Star Trek fans have been using AI in an attempt to make a version...

Robotics Q&A with Meta’s Dhruv Batra

For the next few weeks, TechCrunch’s robotics newsletter Actuator will be running Q&As with some of the...

It’s time for a heat check on the subscription economy and its proposed value to customers

Vijay Sundaram Contributor Vijay Sundaram is chief strategy officer at Zoho, where he drives corporate strategy, execution, channel management,...

23andMe says hackers accessed ‘significant number’ of files about users’ ancestry

Genetic testing company 23andMe announced on Friday that hackers accessed around 14,000 customer accounts in the company’s...

Ev startup Fisker cut its 2023 production target for the fourth time

Fisker, the California-based EV startup, cut its annual production guidance in an effort to free up $300...