Rise and rise again, until Libras become Lions

Originally published at: https://dailyfintech.com/2020/04/20/rise-and-rise-again-until-libra-becomes-a-lion/

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…