CRYPTOCURRENCY

Facebook reorganizes Libra and plans several single coins


Launch scheduled for late 2020

The Facebook Libra Association said it had tightened security in response to regulators and was in talks with the Swiss for a payment license. He hopes to launch cryptocurrency later this year with several single coins.

Libra has become a competitor for things like tethering. Previously, the plan was to assess the balance against a basket of currencies, but there are now plans to launch a number of different currencies. However, they are still hoping for a longer-term digital composite currency.

Another change is that the Libra blockchain will not be opened, anyone who wants to verify the transactions will need certain approvals, which are not clear.

ForexLive

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