Facebook’s plans to launch its Libra cryptocurrency tied to cash appear to be making a course correction, as the social network now appears to be planning to support not only its own digital token through its online wallet but others offered by central banks.
Libra, a cryptocurrency transacted across an immutable blockchain ledger, was expected to be a single currency for all global transactions. It is now expected to be just one digital payment method for Facebook, whose plans now include the support of government-backed fiat-money, such as the U.S. dollar and the Euro, according to Bloomberg reports.