Facebook's Libra might launch in January, but there's a catch

Facebook's cryptocurrency Libra, announced in June last year and then delayed after running into a seemingly endless set of obstacles, might finally launch as early as Jan. 2021. 

This is according to a report by the Financial Times, which cites three unnamed people involved with the project. However, it seems that this new Libra will be a limited version of what Facebook originally envisioned. 

Libra was supposed to launch several digital coins, with some of them representing individual fiat currencies, like the U.S. dollar, and one being a composite of all these coins. And even this was a change from Libra's original plan of launching one coin that would be backed by a basket of several currencies.  Read more...

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