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)


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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin9,321.9 0.12 % 1.42 % 14.45 %
Ethereum270.16 0.11 % 1.17 % 3.68 %
XRP0.4357 0.23 % 0.76 % 8.65 %
Litecoin136.17 0.18 % 0.89 % 1.09 %
Bitcoin Cash415.81 0.24 % 0.28 % 5.49 %
EOS6.880 0.00 % 0.62 % 7.31 %
Binance Coin34.81 0.10 % 0.27 % 0.36 %
Bitcoin SV224.80 0.12 % 0.41 % 18.67 %
Tether1.000 0.00 % 0.13 % 0.06 %
Cardano0.08930 0.26 % 1.14 % 7.18 %
Stellar0.1242 0.11 % 0.70 % 1.96 %
TRON0.03354 0.22 % 1.22 % 0.07 %
LEO Token1.860 0.56 % 0.66 % 5.88 %
Monero101.89 0.61 % 3.62 % 12.57 %
Cosmos6.590 0.03 % 3.03 % 7.54 %
Dash162.12 0.38 % 1.89 % 3.38 %
IOTA0.4367 0.41 % 1.01 % 0.17 %
NEO13.68 0.23 % 1.61 % 6.35 %
Huobi Token3.740 0.45 % 6.85 % 10.55 %
Tezos1.190 1.05 % 3.82 % 6.28 %