Crypto Short News

The New Saga Token Touted to Be Facebook Libra’s Rival

A U.K. based blockchain firm Saga is launching an alternative token to Facebook’s digital currency proposal Libra. Saga’s advisory board includes Nobel Prize-winner Myron Scholes. The firm hopes to build a global currency that complies with all crypto regulations. However, the firm doesn’t plan to launch its token in the U.S. yet. It claims SGA doesn’t currently have the regulatory clarity required to do so.

The firm claims that “SGA is the first digital currency that replicates the mechanics of central bank national currencies and applies them on a global scale”. SGA tokens are available to the public on the parent exchange SAGA.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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