Andreessen’s Katie Haun says more Libra-like crypto projects to follow

Libra was started by Facebook Inc a year ago with the idea of creating a global digital currency. – AFP Relaxnews

Katie Haun, a general partner at Andreessen Horowitz, said that in 10 years money will be digital, the same way books and music are today – and that efforts such as Libra, which the venture-capital firm has invested in, will be key to getting there.

Libra, of course, is the controversial project started by Facebook Inc a year ago, with the idea of creating a global digital currency. The effort has run into regulatory and political resistance, and has had to regroup. But the pressure hasn’t made Andreessen less of a believer. The firm has invested in rival Cello as well.