News & Events

Facebook to revamp its digital currency plans: The Information – Source Reuters Tech News

FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Facebook Inc (FB.O) will revamp its plans for digital currencies amid regulatory scrutiny, The Information reported on Tuesday.

The company will offer digital versions of government-backed currencies including the dollar and euro, as well as its proposed Libra currency, when it launches its digital wallet, the report added, citing people familiar with the matter. (

The Information earlier reported that Facebook would not make Libra available on its own services but later corrected its article.

A Facebook spokesman confirmed to Reuters that the company was working on digital versions of government-backed currencies and said it was still planning to offer the proposed Libra token as well.

Facebook announced in June last year a plan to launch Libra in partnership with other members…

Read More…

Source Reuters Tech News

Source link