<p>Marcus Treacher, Ripple’s senior vice president of customer success, has said that Facebook’s Libra stablecoin project is a “walled garden,” meaning a closed system.</p> <p>Ripple, on the other hand, has “no walled garden,” Treacher<a href="https://www.cnbc.com/2019/09/27/facebook-libra-cryptocurrency-project-a-walled-garden-ripple-exec.html"> told</a> CNBC in an interview published Friday, adding: “Yes it’s a network, but it has no parameter. It connects with all of the players that want to use the technology.”</p> <p>The term, <a href="https://medium.com/mediarithmics-what-is/what-is-a-walled-garden-and-why-it-is-the-strategy-of-google-facebook-and-amazon-ads-platform-296ddeb784b1">walled garden</a>, is often associated with big tech companies such as Apple and Facebook, who control their applications and content, and thereby market share.</p> <p>Treacher, however, believes that Facebook getting into the digital assets space is a “really good thing.” The social media giant <a href="https://www.theblockcrypto.com/post/27667/facebook-libra-cryptocurrency-calibra-launch">announced</a> the Libra project in mid-June and aims to facilitate low-cost money transfers around the world. The project is being carried out by the Libra Association, which currently comprises of 27 member firms, including Visa, Mastercard, PayPal, Uber and Spotify.</p>