Libra: Facebook does not abandon its project

By Gamma | Gamma | 24 Sep 2020


Facebook's "stablecoin" project

The company has had to face the reluctance and mistrust of regulators. But currently the project is delayed, not forgetting that many large companies such as PayPal, MasterCard have decided to end the project with the Libra Foundation.

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We also learn that Blockchain Capital when he joined the foundation with the objective of helping the Libra project to be regulated as well as to make several expertise and audits.
Blockchain Capital, a venture capital firm, and has financed industry giants such as Coinbase

In spite of this, the company has not given up on its ambitious projects for stable corners backed by fiduciary currencies such as the euro, the US dollar or the Japanese yen.

 

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