IBM Getting Bullish On Blockchain Amongst Libra Controversy

IBM has been the go-to company for technological innovation for a long time now. The firm and time and time again pushed for the best technology to provide to the world for decades now. That technical innovation doesn’t stop with crypto though as the firm is driving for the creation of breakthroughs such as blockchain and digital currencies.

The blockchain space might still be in its early stages but despite this, the technology-focused firm has started to heavily allocate resources to its ever-growing decentralised technology division.

In its latest effort to join other big branded companies in releasing a crypto asset, the general manager of blockchain services, Jason Kelley has said the firm is open to “work with Facebook” as “blockchain is a team sport”. Kelley made the point that Libra is bringing legitimacy to blockchain tech.

This doesn’t mean that IBM is going to get involved with Libra but it was hinted at by Kelley.

IBM isn’t the only company to get stuck in with Libra either.

As reported by Ethereum World News:

“Gemini, the firm founded by Zuckerberg’s rivals, the Winklevoss Twins is purportedly looking to get involved in the corporate crypto projects. The brothers said that they have an active line with Libra’s team, but are currently waiting on more information about the project before pulling the trigger.”

We can talk about this all we want but it doesn’t change the fact that the French Minister of Finance, Bruno La Maire asserted that the European Union should disallow Libra’s launch.

“All these concerns around Libra are serious. So I want to say this with a lot of clarity: I want to be absolutely clear: in these conditions, we cannot authorize the development of Libra on European soil.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!