Libra , the cryptocurrency ambitiously announced last year by Facebook, but which over the months it has lost a few pieces and downsized its objectives, it will probably make its debut during the month of January but in an even more limited form.

Last April the Libra Association declared to have planned the launch of several digital versions of fiat currencies, as well as a sort of “digital composite” of all its coins. This is a change of course from what was originally planned, namely the creation of a stable cryptocurrency backed by a basket of currencies, after regulators expressed several concerns in particular about the risk of threat to monetary stability and the possibility of becoming a receptacle for money laundering activities .

However, the association would have initially decided to launch only a single coin in a 1: 1 ratio with the US dollar. The other currencies and the composite would be launched later. The official debut date is not yet known and will depend on receiving the approval of the Federal Financial Market Supervisory Authority to operate as a payment service. The debut could take place, however, already during the month of January.

The decision to debut in a limited and considerably different form compared to the original plans may, on the one hand, allay the concerns of regulators but, on the other, represent a downsizing of ambitions for financial inclusion.

Meanwhile, PayPal, the first of the founding members to abandon the Libra initiative, has in the past few weeks launched support for Bitcoin, Ethereum, Bitcoin Cash and Litecoin cryptocurrencies for US users, with expansion to other markets in the coming months. PayPal users will therefore have the opportunity to buy and sell cryptocurrencies and use them to make purchases, paying directly with digital coins. Dan Schulman, PayPal’s chief executive, described the switch to digital currencies as “inevitable.”