The Financial Times newspaper reported on Friday that Facebook’s cryptocurrency, Libra, is preparing to launch in January, citing three unnamed sources involved in the project.
The Financial Times, citing a source, said that the Geneva-based Libra Association, which will issue and supervise the Libra currency, intends to launch a single digital currency backed by the dollar.
The Libra Association, which includes Facebook among its 27 members, is seeking to obtain the green light from a market watchdog in Switzerland to issue a series of stable currencies backed by certain traditional currencies, in addition to a token based on stable currencies linked to traditional currencies. .
But the “Financial Times” said that according to the new plan of the entity, other currencies backed by conventional currencies will be introduced at a later time.
The Libra Association did not immediately respond to a request for comment. The Financial Market Supervisory Authority in Switzerland did not give more clarification than what was included in a statement issued last April confirming the receipt of “Libra” application for a license to make payments.
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