Menlo Park’s Facebook to launch US Dollar-backed Libra as early as January 2021
Amid a wave of withering criticism over its master-blueprint to flood the global market with a crypto asset “Libra ” by exploiting its tens of millions of users across the world which was not backed by any kind of institutionalized or physical currency, Facebook Inc., the Menlo Park, California-based social networking megalith, had agreed to launch an American Dollar-backed “Libra cryptocurrency ” as early as by January 2021, a Financial Times report published late on Friday had revealed citing at least three people involved in the project who wished to remain anonymous give the extent of sensitivity of the issue.
