Rise and rise again, until Libras become Lions
4 min readMay 7, 2020
After months of criticism, the Libra cryptocurrency project is pivoting. To appease skeptical regulators, Libra is shifting gears from a new global financial system to a more traditional payment network very similar to PayPal and with digital coins backed by individual fiat currencies. When the Libra Association announced the cryptocurrency last June, it intended to create a single global digital currency…