Coin Libra will be launching soon. The Libra coin is expected to circulate in 2020. According to Calibra, Facebook will provide financial services including digital wallets.
According to Marcus, 1:1 is supported by a basket of strong currencies. This means that for each existing Libra unit, there must be an equivalent value in the backup. "As such, Libra will not make any new money. That function will "strictly remain the province of sovereign States,
