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The Vision for Libra

Kevin Weil, Novi
With Tina Seelig, Stanford University

Kevin Weil, Novi’s VP of Product, describes how the advent of the internet revolutionized an expensive, complicated global communications infrastructure. He then explains how Libra, the global payment system that underlies Facebook’s Novi platform, aims to make international money transfers as simple as a sending a text message. He adds that the Libra Association, which manages the Libra infrastructure, was designed to make sure that Libra remains decentralized, and can’t be controlled by any one entity or organization.