Summary:
Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021.Finance Times cited three people working on the project claiming that Libra’s long-awaited launch could come in January 2021 but in a scaled-down version.CryptoPotato reported before that Libra already changed its original idea from being a “single global digital currency” to creating a series of various digital coins. The FT coverage asserted that Libra could see the light of day after receiving approval to operate as a payments service from the Swiss Financial Market Supervisory Authority (FINMA). However, the Libra Association would initially release just a single coin backed one-for-one by the dollar. The other set of currencies would be rolled out later, should
Topics:
Jordan Lyanchev considers the following as important: AA News, Facebook, Libra, libra association
This could be interesting, too:
Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021.Finance Times cited three people working on the project claiming that Libra’s long-awaited launch could come in January 2021 but in a scaled-down version.CryptoPotato reported before that Libra already changed its original idea from being a “single global digital currency” to creating a series of various digital coins. The FT coverage asserted that Libra could see the light of day after receiving approval to operate as a payments service from the Swiss Financial Market Supervisory Authority (FINMA). However, the Libra Association would initially release just a single coin backed one-for-one by the dollar. The other set of currencies would be rolled out later, should
Topics:
Jordan Lyanchev considers the following as important: AA News, Facebook, Libra, libra association
This could be interesting, too:
Chayanika Deka writes Yuga Labs Secures Major Win as SEC Closes Investigation Without Charges
Andrew Throuvalas writes Bitcoin Soars Back To ,000 After BlackRock CEO Says “Buy The Dip”
Chayanika Deka writes XRP, SOL, and ADA Inclusion in US Crypto Reserve Pushes Traders on Edge
Chayanika Deka writes Why Arthur Hayes Is Bullish on Bitcoin Under Trump’s Economic Strategy
- Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021.
- Finance Times cited three people working on the project claiming that Libra’s long-awaited launch could come in January 2021 but in a scaled-down version.
- CryptoPotato reported before that Libra already changed its original idea from being a “single global digital currency” to creating a series of various digital coins.
- The FT coverage asserted that Libra could see the light of day after receiving approval to operate as a payments service from the Swiss Financial Market Supervisory Authority (FINMA). However, the Libra Association would initially release just a single coin backed one-for-one by the dollar. The other set of currencies would be rolled out later, should the FINMA application is successful.
- Facebook rattled the financial world last year after announcing plans to launch its own cryptocurrency called Libra. After receiving scrutiny from world watchdogs, the Libra project underwent numerous changes, including executive replacements.
- Libra suffered more blows when several notable partners left. Those included PayPal, Mastercard, eBay, Vodafone, and more.
- In an attempt to salvage the project, the Association decided to make further changes by renaming Libra’s wallet provider from Calibra to Novi.
Featured Image Courtesy of AlJazeera