Report: Facebook Secures Support From Dozens of New Firms for Its Crypto Project

Cointelegraph

Published Jun 14, 2019 06:03PM ET

Updated Jun 14, 2019 06:22PM ET

Report: Facebook Secures Support From Dozens of New Firms for Its Crypto Project

Social media platform Facebook (NASDAQ:FB) has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. The overall roster was announced by technology-focused media outlet the Block on June 14.

Earlier today, news broke that Facebook has allegedly sealed backing from over a dozen firms that include Visa (NYSE:V), Mastercard (NYSE:MA), PayPal and Uber (NYSE:UBER) for its soon-to-be-unveiled cryptocurrency project, dubbed “Libra.” Together, these investors form the Libra Association.

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