Bank of England to mull access for likes of Facebook's Libra

Bank of England to mull access for likes of Facebook's Libra

6 years ago
Anonymous $9jpehmcKty

https://apnews.com/57ef8d73a74e46ae9b44e4ddd45cbb04

LONDON (AP) — Bank of England Governor Mark Carney is open to the idea of letting new payment services such as Facebook's upcoming Libra hold funds with the central bank — something previously limited to commercial banks.

Carney is to tell an audience of bankers in London later Thursday it "makes sense to consider" whether new payment providers can hold funds overnight at the central bank.