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Facebook's Libra crypto prepares for a January 2021 launch

Monday 30th November, 2020

Facebook’s Libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January, according to Bitcoin.com.

Facebook first announced its plans to create a new digital currency and financial system to transform the way money moves around the world on 18 June, 2019, with the launch of Libra cryptocurrency e.g. LibraUSD, LibraEUR, LibraGBP and LibraSGD.

According to the revised Libra whitepaper, the Libra Association intended to initially launch with some of the currencies in the proposed libra basket.

The association would now initially just launch a single coin backed one-for-one by the dollar … The other currencies and the composite would be rolled out at a later point, The Financial Times reported last week.

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