The Financial Times announced, quoting three undisclosed individuals involved in the initiative for the Facebook-led digital currency Libra which is anticipating to launch as a particular coin backed one-for-one by the dollar as early as January 2021.
The other currencies and the composite would be rolled out following. The report stated that the exact launch date would depend on when the project receives approval to operate as a payments service from the Swiss Financial Market Supervisory Authority.
Meantime, one person involved in Novi, the developer of digital wallet designed for Libra digital currencies, told Financial Times that the wallet was “ready from a product perspective”, but would not be rolled out everywhere initially, with the company prioritizing “half a dozen high-volume remittance corridors” including the US and some Latin American countries.
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