Also Read: Google Experimental AI Tool To Convert Webpages Into Videos Facebook has not really received much love for Libra, which has changed in its goals and scope since the association publicly launched in mid-2019.The Libra Association had earlier intended to launch with some of the currencies in the proposed librakitty, like “librausd or USD, libraeur orEUR, libragbp or GBP, librasgd or SGD). However, the Financial Times reported, “The association would now initially just launch a single coin backed one-for-one by the dollar. It further said, “The other currencies and the composite would be rolled out at a later point.” While the exact day of the launch has not been announced officially, Facebook Libra Cryptocurrency launch is dependent on the approval from Swiss Financial Market Supervisory Authority (FINMA)to operate as a payments service from the. Three people familiar with the matter said that they are looking at a launch in early January. Also Read: Is ‘MeWe – Next Gen Social Network’ A Viable Facebook Alternative? Facebook had announced the Libra project last year in May and had to later trim down its ambitious plans after it received a heavy scrutiny from regulators across the world. The Libra Association currently has 27 members, which also includes Facebook’s David Marcus, Head of Facebook’s subsidiary Novi Financial. According to Facebook, “The first product Novi Financial will introduce is the Novi digital wallet designed for Libra, a new payment system which is built on innovative block chain technology.” What do you think of the Libra Cryptocurrency. Drop in your views in the comment section. Sign in for our newsletter to get daily updates delivered to your mailbox.
