© Reuters. How Facebook Libra Has Been Influencing Crypto, Politics and Finance
Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook (NASDAQ:), the Libra Association, Calibra wallet or any other party involved in its development.
First, top crypto exchange Binance announced a project called “Venus” — coincidentally, another astrology-themed name — which will focus on developing “localized stablecoins” worldwide; the People’s Bank of China (PBoC) said it is almost ready to launch its government-backed digital currency, reportedly admitting that Libra prompted it to speed up; and Erik Finman, ostensibly the youngest (BTC) millionaire, launched a crypto peer-to-peer (P2P) payment app, called “Metal” — daringly marketing it as “the Libra killer.”
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