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Visa, MasterCard and Uber invest in Facebook's crypto currency

General | Jun 18, 2019 | Master3395

May be announced next week.

Facebook is approaching the unveiling of a new payment platform based on crypto currency, and now the Wall Street Journal reports that a number of giants have chosen to invest in the new service.

Both Uber, MasterCard, Stripe, Visa, Booking.com, PayPal and more will support the new payment platform, the newspaper says.

If the rumors vote, Facebook will unveil the new crypto poll already next week.

10 million each
The companies supporting Facebook's currency are reported to have invested $ 10 million each in a separate organization to manage the new digital currency, which is codenamed Project Libra.

The Information claims that Facebook wants to have around 100 organizations as "owners" of the crypto network to avoid a single player (Facebook) gaining too much power.

Keywords: bitcoin, facebook, krypto, libra, mastercard, visa

Sources: Reuters

Author: Master3395

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