Facebook Inc has no concrete plan on how or where Libra currency would launch in 2020.This was reported by Patrick Ellis, one of the board members of the Switzerland-based Libra Association.
“At this stage, there is no strategy set in stone for the markets or the product, or how it will actually get rolled out,” Ellis told.
However, Ellis confirmed that Libra would launch in 2020.
As previously reported, on Sept. 12, Bertrand Perez, director general of the Libra Association, said the cryptocurrency will be launched in the second half of 2020. According to Perez, however, Facebook does not wish to create new supplies of money via the token. He drew comparisons to BlackRock, the world’s largest asset manager, saying the social media giant did not want to compete in that market.