RATE Group | Facebook and partners move forward with Libra cryptocurrency after string of exits
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Facebook and partners move forward with Libra cryptocurrency after string of exits

15 Oct Facebook and partners move forward with Libra cryptocurrency after string of exits

Posted at 04:49h in Cryptocurrency News by

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Facebook and its partners are planning to launch a new cryptocurrency called Libra in 2020. 


Facebook

Facebook’s effort to launch a new cryptocurrency called Libra has faced numerous setbacks from regulatory scrutiny to an exodus of key partners. 

But the social media giant and its partners signaled on Monday they’re still planning to move forward with plans to launch the new digital currency in 2020. Twenty one organizations, including Facebook, formally joined the Libra Association, which is overseeing the cryptocurrency. 

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These 21 organizations formally joined the Libra Association on Monday. 


Libra Association

Since the social network unveiled plans for Libra in June, seven…

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