Facebook Crypto Project “Libra” Seals Multi-Million-Dollar-Mainstream-Backing Ahead Of Imminent Launch

Posted on June 14, 2019 11:38 am

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URL https://www.zerohedge.com/news/2019-06-14/facebook-crypto-project-libra-seals-10m-investment-each-visa-mastercard-paypal-uber 

CoinTelegraph’s Marie Huillet reports that Facebook has allegedly sealed backing from over a dozen firms that include VisaMastercardPayPal and Uber for its soon-to-be-unveiled cryptocurrency project. The news was reported by the Wall Street Journal (WSJ) on June 13.

image courtesy of CoinTelegraph

Source ostensibly familiar with the matter told the WSJ that the firms — extending across the finance, e-commerce, venture capital and telecoms industries — have each invested around $10 million in a consortium that will govern Facebook’s forthcoming digital token, dubbed Libra.  

The WSJ’s sources reiterated