Report: Facebook Mulls Reboot of Cryptocurrency Libra
Facebook (NASDAQ: FB) is reportedly mulling an overhaul of its Libra cryptocurrency in a bid to appease regulators who have expressed skepticism about the social media giant's entrance into the unregulated digital token market.
In June, Facebook announced Libra, a digital currency that could be used to purchase goods and services on Facebook platforms and beyond. The company hoped that it could help the more than a billion people who are unbanked easily and cheaply send money around the globe.
Image source: Facebook.
Source Fool.com
