Beijing time today (July 16) at 22:00, the US Senate Banking Committee and the House Financial Services Committee held a hearing on the Facebook Libra project. Mr. Warner asked, seeing the new model of the new company, large companies tend to buy or directly imitate and curb innovation. How does Libra handle this problem? Marcus replied that Libra is open source. Warner MP continues to ask, if a third party develops a wallet or service to store user data and funds, will Facebook facilitate them? Marcus said that we will, users are free to choose the service. Marcus also highlighted Libra's strengths in cross-border payments and has significant advantages in financial services. Low cost money transfer is a core feature.