These are signs that Libra, a worldwide cryptocurrency that was visualized for use both within its social network and by individuals without frequent access to banking facilities, could never happen. The Financial times
reported similar news in August without mentioning involved partners.
According to a Libra association spokesperson, who pointed to the initial whitepaper which had the cryptocurrency scheme planned out, the organisation hopes to grow to 100 employees by the first quarter of 2020.
As many of you may recall, Libra went under fire from lawmakers around the globe as soon as it was announced. President Donald Trump followed up by saying that Libra would have “little standing or reliability.” Moreover, the democrats in the House of Representatives also asked Facebook to put their project on halt. Regulators in the EU, U.K and Canada were also concerned about privacy issues and Libra. India, which is a significant target for Libra, has been suggesting a total ban on the currency.
According to audio recordings leaked to The Verge, Facebook CEO Mark Zuckerberg mentions that he still expects Libra to roll out in some locations by the end of the year.
“The public things, I think, tend to be a little more dramatic,” Zuckerberg said. “But a bigger part of it is private engagement with regulators around the world, and those, I think, often are more substantive and less dramatic. And those meetings aren’t being played for the camera, but that’s where a lot of the discussions and details get hashed out on things. So this is going to be a long road. We kind of expected this — that this is what big engagement looks like.”