Is Facebook Libra a cryptocurrency?

Bitcoin differs significantly from Facebook’s new asset in many ways. Perhaps the most notable difference lies in Bitcoin’s decentralization. No single entity controls Bitcoin. In contrast, Facebook and the Libra Association have a large amount of control over the Libra asset and its usage.

Share All sharing options for: Facebook’s embattled cryptocurrency project is likely coming to an end. More than two years after it was first announced, the Facebook-sponsored cryptocurrency formerly known as Libra appears to be coming to an end.

Facebook Libra Statistics Facebook Libra Price (24hr)$0.00000129 0.00%Trading Volume (24hr)UnknownTransparent Vol. (24hr)UnknownTransparency GradeUnknownCirculating SupplyUnknownFacebook Libra Price, Charts, All-Time High, Volume & Markets nomics.com › assets › libra-facebook-libra

Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro .20 Nis 2021