By Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well as integrating with major e-commerce players. Famed investor Mike Novogratz this week called Facebook’s looming service “stunningly important” to the crypto space. If executed correctly, he said, Facebook’s payment service will be a “big, big deal” and lend credibility to cryptocurrencies. If Facebook launches the stablecoin they are reportedly building,

The post Facebook’s Secret Cryptocurrency Led by PayPal Alumni Just ‘Months Away’ from India Launch appeared first on CCN

Categories: Mining