According to the news published in The Information on Tuesday; Facebook is changing its Libra project due to political pressures and harsh regulations. It is noted that Facebook does not want to put Libra, a real blockchain-based cryptocurrency that Facebook has now partnered with the non-profit Libra Union, at the center of the company’s digital payment strategy. Instead, the Libra project will back up government-backed money such as the dollar and the euro, then it will be added to the funds to be supported when the Libra token will be launched. The company will create several digital tokens, each backed by different currencies such as dollars and euros. In addition to this information, The Information stated that the introduction of the digital wallet Calibra, which is one of the primary showcase products of Libra technology, which allows people to hold crypto money and shop with them, was delayed due to this plan change. The wallet will now support many coins, including Libra. Calibra postponed to October According to another information in The Information, the opening of Calibra, which is expected to come to life this summer, was postponed to October. However, after the wallet is issued, it is possible that the funds supported will be valid only within the borders of the countries to which it belongs. This may severely limit the use of Calibra, which is expected to be valid worldwide in its opening. Calibra’s money-holding and transfer features are expected to come to Facebook Messenger and WhatsApp applications, but it is stated that the location of these applications may change as the opening date is delayed. The news that Calibra in The Information has stopped supporting Libra money has been corrected by a statement by one of the Facebook spokespeople to The Verge. “It is not true that Calibra will not support Libra. Facebook is fully connected to the project. ” The Information also corrected its news after this announcement. The Libra project emerged in June of last year with a big and risky claim that Facebook and its partners would revolutionize Blockchain-based digital payments and money transfers.
