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Facebook Libra: Where is Facebook’s Crypto in 2020?

Written By Ivan on Tech

Nov 04, 2020

You have likely, at one point or another, heard of Facebook’s crypto effort “Libra”. Libra is usually described as a blockchain-based cryptocurrency stablecoin, although some challenge whether Libra will ever be seen as a “true” cryptocurrency. However, Libra’s story has been long and winding, and many may wonder where Facebook’s Libra crypto is in 2020.

So, first of all, what is Libra? Well, Libra is commonly known as “Facebook’s crypto”, but the full story is a bit more complicated than that. What’s more, Libra has changed radically since it was first announced in June 2019.

This article looks at the Libra coin's specifics and answers the question, “where is Facebook’s crypto in 2020”. Is Libra going to become the “Bitcoin killer” some assume a Facebook-backed cryptocurrency could be, or will it struggle to gain traction? Read on for a full breakdown of Facebook’s crypto effort...

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