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Facebook’s Libra Currency to Launch Early Next Year

Facebook’s Libra cryptocurrency is readying to launch as early as January 2021, which will let you buy things or send money to people with nearly zero fees.

The Libra Association, which has 27 members including Facebook, was planning to launch digital versions of several traditional currencies. But now it is reportedly only planning to launch a single coin backed by the dollar.

Facebook won’t fully control Libra, but instead get just a single vote in its governance like other founding members of the Libra Association, including Visa, Uber, and Andreessen Horowitz, which have invested at least $10 million each into the project’s operations.

The association will promote the open-sourced Libra Blockchain and developer platform with its own Move programming language, plus sign up businesses to accept Libra for payment and even give customers discounts or rewards.

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