Facebook S Crypto Needs To Prove Itself Experts Say
Facebook is scaling back its ambitious plans to move into the cryptocurrency sector while users on the platform aren’t showing much confidence in the site’s new addition. Key Takeaways Facebook has scaled back its ambitious cryptocurrency plans.Users could be using cryptocurrency on the site come January.Facebook’s digital wallets won’t be completely owned by users. The media giant will likely launch its smaller scale Libra cryptocurrency project as soon as January. Libra was originally supposed to be a new currency backed by fiat money (a currency established as money by the government) and securities (tradable financial assets)....