Visa, Mastercard, PayPal and Uber are among firms that will invest around $10 million each in consortium that will govern digital coin
Facebook Inc. has signed up more than a dozen companies including Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Uber Technologies Inc. to back a new cryptocurrency it plans to unveil next week and launch next year. The financial and e-commerce companies, venture capitalists and telecommunications firms will invest around $10 million each in a consortium that will govern the digital coin, called Libra, according to people familiar with the matter. The money would be used to fund the creation of the coin, whi
https://www.wsj.com/articles/facebooks-new-cryptocurrency-gets-big-backers-11560463312