Facebook Revamps Crypto Plans in Embattled Bid to Launch Global Currency
Facebook’s Libra has revised its white paper and switched from plans to launch a single digital global currency to multiple versions of Libra
Facebook Revamps Crypto Plans in Embattled Bid to Launch Global Currency
“Instead of being a single digital currency that facilitates cross-border transactions and uses technology to create a programmable, interoperable, and upgradeable financial system, Libra is now promising to be a digital payment network that supports many digital Libra coins that are tied to local currencies. With payment networks like PayPal and Venmo, which are also tied to local currencies, Libra has lost its revolutionary edge.”
