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Keyword: libraassociation

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  • Facebook’s cryptocurrency to debut next week backed by Visa, Mastercard, Uber, and others: WSJ

    06/14/2019 5:22:02 AM PDT · by DEPcom · 37 replies
    The Verge ^ | Jun 14, 2019 | Jon Porter
    Facebook has secured the backing of over a dozen companies for its upcoming Libra cryptocurrency set to be announced next week, The Wall Street Journal reports. These companies include major financial organizations like Visa and Mastercard, and internet darlings like PayPal, Uber, Stripe, and Booking.com. Each will invest around $10 million to fund development of the currency, and will become part of the Libra Association, an independent consortium that will govern the digital coin independently of Facebook.