Rep French Hill with BTV's Kevin Cirilli on Libra hearing

The transcript discusses the potential impact of Libra, a digital currency, on global and local economies. It highlights the benefits of peer-to-peer transfers and lower transaction costs, especially for remittances. The discussion also covers regulatory challenges, with differing views from Republicans and Democrats, and the scrutiny Facebook faces as the face of Libra. The future timeline for Libra's launch is contingent on meeting regulatory requirements. The local impact, particularly in reducing costs for transactions and remittances, is emphasized.

In what ways could Libra lower transaction costs for consumers and businesses?

What are the potential benefits and drawbacks of Facebook being associated with Libra?