Cryptocurrency News Today: 3 things the leaked Zuckerberg tapes taught us about Facebook’s Libra ‘cryptocurrency’
Internal interviews between Mark Zuckerberg and Facebook employees were leaked today, by The Verge, and appear to show unease amongst the ranks. Zuck called for staff to rally together against skeptics, critics, and the regulators.
But what about Libra? Indeed, staff made Facebook‘s plans for a digital currency a point of contention asking Zuck for more information. Here’re three things we learned about Libra from the leaked interviews.
1. Libra might launch without a token
“…we want to work with traditional currencies. So we have a test going in India. We’re working in Mexico and a bunch of other countries to have this rolled out broadly. The hope is to get that rolled out in a lot of places with existing currencies before the end of this year,” Zuckerberg said to employees.
“And we have this bigger, or at least more exotic, project around Libra, which is to try to stand up a new kind of digital money that can work globally,” he added.
Libra has come under a lot of scrutiny since it was announced back in July, much of which has assumed it would launch as a token. With this statement it sounds like Libra is two things: a money transfer business and a digital currency. But, according to Zuck, some of us might get part of Libra before the end of the year, but it won’t have the Libra token, that’ll come later.
TNW has contacted Facebook in India to lear