Libra Hearing | Libra Project Leader Marcus: Facebook will not commercialize data in the future

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. Sherrod Brown, Vice Chairman of the Senate Banking, Housing and Urban Affairs Committee, asked David Marcus: You and your team will promise that all wages will be paid by Libra? David Marcus replied that all the assets he is willing to hold are Libra. Some Members have asked if Libra is widely adopted, it will be very valuable payment data. In your testimony, my understanding is that you will never share without consent, then the business model means in the future. The data will be commercialized. In this regard, David Marcus said that this is not Facebook's original intention.