Facebook’s Libra Backers Are Having Second Thoughts. No Surprise Here

2019-8-24 23:00

By CCN Markets: Facebook's Libra project could be dead on arrival. If it does launch, it probably won’t be anything like what was originally proposed by the world’s largest social media platform.

More proof that all is not great with the ambitious crypto-related project surfaced Friday. Financial Times reports that original backers are trying to […]

The post Facebook’s Libra Backers Are Having Second Thoughts. No Surprise Here appeared first on CCN Markets

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Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy

Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors.

2019-6-18 13:52