Facebook’s digital currency project, Libra,

will be released in January and its value will be backed by the US dollar.

According to information from the Financial Times, a year and a half ago Facebook wanted to launch a cryptocurrency that was similar to Bitcoin, which it called Libra, after some companies such as Visa and Mastercard withdrew from the project, and given the concerns expressed by some banks and financial institutions, As well as the European Union, in April of last year The Libra Association introduced changes that made Libra more of a PayPal-type payment system.

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