Facebook Crypto Project “Libra” Seals Multi-Million-Dollar-Mainstream-Backing Ahead Of Imminent Launch
CoinTelegraph’s Marie Huillet reports that Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project. The news was reported by the Wall Street Journal (WSJ) on June 13.
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