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WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens
Lukka CEO and investor Jake Benson sees Libra's real value as a guinea pig that will allow regulators to test the limits of crypto.
https://www.youtube.com/watch?v=xbPURod8gJA
Jake Benson is a long-time industry entrepreneur and the CEO and Founder of Lukka, a comprehensive tool for calculating capital gains taxes for cryptocurrency. In this clip he and CoinDesk Editor Pete Rizzo talk about a future where corporate tokens aren't a "surprise."
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"It's not a surprise to me that inevitably corporations are going after creating their own tokens but for Facebook to be one of the first big ones is is pretty much a surprise," he said.
"If this project is going to be successful I think they absolutely have to satisfy minimum requirements," he said. "But I also believe that the onus is on them to sort of demonstrate that there's an additional level of control and transparency that might be benefits of cryptocurrency that maybe weren't even possible before."
Benson expects to see a "more compliant" future... as long as the social media giant can avoid the problem of privacy invasion associated with the platform.
You can read our complete Libra coverage here and watch our CoinDesk LIVE interviews here.
John Biggs
John Biggs is an entrepreneur, consultant, writer, and maker. He spent fifteen years as an editor for Gizmodo, CrunchGear, and TechCrunch and has a deep background in hardware startups, 3D printing, and blockchain. His work has appeared in Men’s Health, Wired, and the New York Times. He runs the Technotopia podcast about a better future. He has written five books including the best book on blogging, Bloggers Boot Camp, and a book about the most expensive timepiece ever made, Marie Antoinette’s Watch. He lives in Brooklyn, New York.
