​​“I Actually Don’t Know If Libra Is Going To Work,” Facebook CEO Mark Zuckerberg Testifies Before Congress

Facebook's Multi-Billionaire CEO Mark Zuckerberg appears before Congress to testify about Libra stablecoin cryptocurrency project and has many interesting comments to cover.

“I actually don’t know if Libra is going to work, but I believe it’s important to try new things and innovate,” said Facebook (FB) chief executive Mark ‘Zuckerbuck' while he was grilled by lawmakers over the company's plan to launch a digital currency before a Congressional panel on Wednesday.
Zuckerberg explained that the idea behind its cryptocurrency project Libra is to make sending money as easy as sending a text message and helping the unbanked that includes 14 million US citizens.

Democratic Congressman Brad Sherman of California however, tore into Zuckerberg for his claims of helping poor and unbanked people when “You’ve done no effort to help the unbanked anywhere else and any other time.” Sherman said Facebook is only trying to help the drug dealers and tax evaders.
With the financial industry stagnant, Libra, Zuckerberg believes can solve the problems that the current system is failing.