Facebook's cryptocurrency-based payments system gets big backers – WSJ

   2019-06-14 04:06



Attendees walk past a Facebook logo during Facebook Inc’s F8 developers conference in San Jose

(Reuters) – Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported https://on.wsj.com/2IdYo3a on Thursday.

Each company will invest around $10 million in a consortium that will govern the cryptocurrency, the WSJ reported, citing people familiar with the matter.

The money will fund the creation of the coin, which will be pegged to a basket of government-issued currencies, the report said.

Facebook, Mastercard, Paypal, Visa and Uber did not immediately respond to requests for comment.

(Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Richard Chang)


Original Source


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin10,155 0.19 % 2.74 % 2.41 %
Ethereum217.38 0.00 % 4.68 % 20.11 %
XRP0.2953 0.56 % 0.74 % 16.10 %
Bitcoin Cash317.91 0.08 % 2.17 % 5.85 %
Litecoin75.54 0.06 % 1.46 % 9.10 %
EOS3.910 0.14 % 0.74 % 4.68 %
Tether0.9998 0.07 % 0.07 % 0.17 %
Binance Coin21.28 0.38 % 2.23 % 2.31 %
Bitcoin SV122.55 0.33 % 1.68 % 3.12 %
Cardano0.05191 0.41 % 0.75 % 14.75 %
Stellar0.07865 0.96 % 5.33 % 41.26 %
Monero76.39 0.26 % 2.76 % 1.99 %
TRON0.01735 0.65 % 1.74 % 16.79 %
LEO Token1.090 0.07 % 0.85 % 1.66 %
Huobi Token4.090 0.27 % 0.98 % 0.76 %
Dash97.24 0.43 % 5.45 % 14.13 %
Tezos1.070 0.43 % 2.95 % 5.55 %
OKB2.760 0.20 % 0.48 % 0.65 %
IOTA0.2923 0.91 % 4.01 % 23.49 %
Cosmos3.200 0.67 % 3.74 % 2.56 %