In a more limited form, the Libra Association’s projects are being implemented. It will only launch a currency that will be linked to the dollar in a one-to-one ratio.
Facebook’s Libra digital currency could be released in the first month of 2021, but in an even more limited form, according to a report in the Financial Times, citing three people involved in the project.
Despite previous plans to create digital versions of various currencies, as well as a composite of all its currencies, the Libra Association will only launch one currency whose exchange rate will be linked to the dollar, in a one-to-one ratio, the report says, adding that other currencies will be introduced later.
The following video by Bloomberg Technology sheds more light to Facebook’s plans about Libra.