Facebook revamps libra, plans multiple single-currency coins

Author: Adam Button | Category: Cryptocurrency

Aims to launch in late-2020

Facebook's Libra Association says it has tightened security in response to regulators and that it's int talk with the Swiss for a payments licence. It hopes to launch the cryptocurrency late this year with multiple single-currency coins.

Libra has morphed into a competitor for things like tether. Previously, the plan was to value libra against a basket of currencies but now the plan is to launch a number of different currencies. However their is still hope for a longer-temp digital composite currency.

Another change is that Libra's blockchain won't be open, anyone who wants to verify transactions will need certain approvals, which are unclear.

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