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Facebook might change Libra cryptocurrency project to include other coins – Source CNET Tech

Facebook Libra Virtual Currency

Facebook plans to launch a new cryptocurrency called Libra has faced several setbacks. 

Photo by Thomas Trutschel/Photothek via Getty Images

Facebook and its partners, under pressure from regulators, could include other coins as part of a project to launch a new cryptocurrency called Libra.

Bloomberg, citing people familiar with the matter, reported Tuesday that Libra could become mostly a payments network that incorporates other coins issued by central banks and backed by currencies such as the US dollar and the euro. Facebook initially said it planned to create a single digital currency. Changes to the project might help the social media giant win over regulators who have raised concerns about Facebook‘s privacy…

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Source CNET Tech

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