Senior economist at the Swedish central bank: Libra indicates that the central bank has not met the demand for cheap and efficient cross-border payments

Ribrsbank's senior economist Gabriel Soderberg told coindesk that Libra's situation indicates a demand that the central bank has not yet met: cheap, efficient cross-border payments. Soderberg called Libra "big Ripple", and although the underlying design is different, some of the services they offer are similar.