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Facebook’s Libra project: where do we stand?

By: Invezz

Facebook’s own digital coin project – Libra – was introduced as a new global payment system where each Libra token would be supported by several traditional currencies. The Libra Association released an updated whitepaper last month, announcing its plan to launch several stablecoins, each stablecoin backed by a single nation’s currency, in an attempt to appease regulators.  After Visa, Mastercard, eBay, Stripe, and Mercado Pago have all withdrawn from the Libra project, many people believed that Facebook’s plans for a globally-distributed cryptocurrency were quashed.  As the community still expects the first Libra tokens to be ready later this year, we

The post Facebook’s Libra project: where do we stand? appeared first on Invezz.

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