Sources: Facebook has signed up 12+ companies, including Visa, Mastercard, PayPal, and Uber, to back the cryptocurrency it plans to unveil next week
Here's Everything You Need to Know Mariella Moon / Engadget : WSJ: Facebook's cryptocurrency finds backing from PayPal and Uber Daniel Palmer / CoinDesk : Facebook Hires Standard Chartered Bank Lobbyist for Crypto Project: Report Jon Porter / The Verge : Facebook's cryptocurrency to debut next week backed by Visa, Mastercard, Uber, and others: WSJ John Adams / PaymentsSource : Facebook's Libra is biggest test yet of crypto payments' viability Victoria Song / Gizmodo : Visa, Uber, and PayPal Are Reportedly Backing Facebook's Cryptocurrency William White / InvestorPlace : FB Cryptocurrency: 12 Things We Know About Facebook's Project Libra Leo Jakobson / Modern Consensus : Visa, Mastercard, PayPal, Uber among companies joining Facebook stablecoin project Christopher Baugh / iPhone in Canada Blog : Facebook ‘GlobalCoin’ Cryptocurrency to Launch with Support from Visa, Mastercard, and More Alex Perry / Mashable : Facebook's cryptocurrency could be announced next week with major partners Yahoo Finance : Chewy will make its public debut, priced its IPO at $22 per share: Morning Brief Ali Raza / InsideBitcoins.com : Facebook Soon-To-Arrive Crypto Supposedly Backed by Paypal, Visa, Mastercard, and Others Charlie Osborne / ZDNet : Facebook seals cryptocurrency deal with Visa, Mastercard, PayPal: report Joe Rice-Jones / KnowTechie : Facebook's stupid crypto thing is reportedly going live next year Samuel Wan / NewsBTC : Facebook Recruits Heavyweights Like Visa For its Crypto, Why Though? Helen Partz / Cointelegraph : Facebook's Crypto Project Will Be A Milestone According to RBC Gary McFarlane / Ethereum World News : How Facebook Libra Coin Will Make Private Money Work After Hiring Bank Lobbying Supremo Robert Hackett / Fortune : Cryptocurrency, IoT, Scooters? A Zany Plan to Take on Telecom—Data Sheet JD Alois / Crowdfund Insider : Report: Facebook's Stablecoin Libra to Launch Next Week, Big Backers Queue Up to Help PYMNTS.com : Facebook's Libra Attracts High-Profile FinServ Support Keumars Afifi-Sabet / IT PRO : Facebook primes for cryptocurrency launch Adrian Zmudzinski / Cointelegraph : FT: Facebook Hires Standard Chartered Bank's Head of Public Affairs for Crypto Project Eric Newcomer / Bloomberg : As the Antitrust Debate Heats Up, It Could Have a Chilling Effect Carol Gaszcz / The Block : UK Standard Chartered lobbyist reportedly set to join Facebook to help with cryptocurrency launch Rob Thubron / TechSpot : Facebook's cryptocurrency will reportedly launch next week with support from Visa, Uber, Mastercard, and more Niall Firth / MIT Technology Review : Facebook is expected to unveil its secretive cryptocurrency next week Darryn Pollock / Forbes : Facebook's Cryptocurrency Project Reportedly Attracts Millions From Mastercard, Visa, PayPal, Uber Msmash / Slashdot : Facebook's New Cryptocurrency, Libra, Gets Big Backers Jamie Davies / Telecoms.com : Facebook gets big name backers for crypto project - report New York Times : DealBook Briefing: Is It Time to Worry About Oil Again? Teuta Franjkovic / Coinspeaker : MasterCard, Visa, Uber and Other Big Companies Backing Facebook's Cryptocurrency Global Coin Matthew Beedham / The Next Web : Facebook signs major partners for its cryptocurrency network and it still sounds terrible Nick Chong / Blockonomi : Facebook's Crypto Division Brings on Uber, Visa & PayPal as Backers as Globalcoin Nears Seth Goldfarb / CryptoSlate : PayPal, Mastercard, Visa, Uber and Stripe investing in Facebook's new cryptocurrency Zaheer Merchant / MediaNama : Facebook ropes in Visa, MasterCard, Paypal and others to back its cryptocurrency days before launch Pbokelly / Peter O'Kelly's Reality Check : Facebook's cryptocurrency to debut next week backed by Visa, Mastercard, Uber, and others: WSJ | Anycoin.news : WSJ: Mastercard, Visa, PayPal и Uber инвес ти … Martin Young / Bitcoinist.com : Visa, Paypal Say They'll Pay $10 Million to Run ‘Facebook Coin’ - Report WRAL TechWire : Facebook lands big backers, plans cryptocurrency launch Tia Bot / Tech in Asia : In brief: Big backers flock to Facebook's new cryptocurrency Andrew Fenton / Micky : REVEALED: The giant companies paying $10m for Facebook crypto nodes Sabahatjahan Contractor / Reuters : Facebook's cryptocurrency-based payments system gets big backers: WSJ Tweets: Barry Silbert / @barrysilbert : The launch of Facebook's cryptocurrency will go down in history as THE catalyst that propelled digital assets (including bitcoin) to mass global consumer adoption. Will be remembered as just as important — and transformative — as the launch of the Netscape browser Buckle up @dhh : Facebook can't manage the integrity of the private data it's entrusted with. Now it wants to manage people's money? And track all purchases made with said money? GTFO. https://www.wsj.com/... @cryptoboomnews : Visa, Mastercard and PayPal are a few of the companies who have each invested $10 million into a foundation to back and govern the Facebook coin. It will pegged to a variety of fiat currencies. https://www.theblockcrypto.com/ ... Michael Novogratz / @novogratz : Visa serves some 50mm merchants. I'm sure MC is pretty close to that. Meditate on that. One day you will be able to buy stuff using dollars, or global coin, or bitcoin, etc. #bullish https://twitter.com/... @overheardcoffee : Does it really count as $crypto? Or more like a Facebook gift card with extra steps? https://twitter.com/... Rox Kulliye / @2rkiva : @Techmeme Visa and PayPal have been partners with FB for many years. I guess more like a continuation of digital transactions via FB. Josh Constine / @joshconstine : WSJ can confirm my tweet from earlier Uber is involved in Facebook Crypto https://www.wsj.com/... https://twitter.com/... Pierre / @pierre_crypt0 : https://www.wsj.com/... I won't use the Facebook stablecoin, but the news (expected June 18th) is gonna make so much noise.... Visa, MasterCard, PayPal, Uber, and others already applied to be validators of the chain ($10M each lmao). #GlobalCoin $FB $crypto @whalepool : $10 Million USD to run a node for “Libra” aka Facebook Coin. A coin that will supposedly be backed by multiple national currencies. Are private companies trying to replace USD as the reserve currency? https://twitter.com/... Ceteris Paribus / @ceterispar1bus : I'd never buy but it seems hard to imagine this being a net negative to crypto adoption. https://www.wsj.com/... @_crypto_maniac_ : “Visa, Mastercard, PayPal and Uber are among firms that will invest around $10 million each in consortium that will govern digital coin” Facebook has over 2.4 BILLION MONTHLY USERS #xrp #xrpcommunity https://www.wsj.com/... Charles Forelle / @charlesforelle : SCOOP: Here comes Facebook's new cryptocurrency. Among the big backers: Uber. https://www.wsj.com/... Shai / @shaig : This is exactly what the crypto folks had envisioned 😫 A centralized coin backed by four public companies. https://www.theblockcrypto.com/ ...