According to the Wall Street Journal (WSJ), Facebook’s soon to be released cryptocurrency project, dubbed Libra, has drawn massive investment from some notable companies. Payment Tokyo escorts Visa and Mastercard, as well as transportation network company Uber, are reportedly in for around $10 million each.
Libra is due to be announced next week, following months of secrecy and speculation, with the product expecting to come into effect next year. The Facebook coin, or GlobalCoin, is expected to be a stablecoin tied to several major currencies and is also being lined up for usage in Facebook-owned messaging app, Whatsapp.
While there has been no confirmation from any of the companies mentioned above, or Facebook, about this investment, the WSJ quotes sources close to the project. They say that the firms from several different sectors, including finance, e-commerce, venture capital, and telecoms industries have each invested around $10 million in a consortium that will govern the coin.
This consortium of investors is Tokyo escort fluid in its makeup with the WSJ’s sources saying that the talks are ongoing and that the final list of investors may change. However, the report maintains that the consortium is known as the ‘Libra Association.’
While a lot of information has made its way out into the public about the nature of the Facebook cryptocurrency, there is still a lot of mystery as to how it will be run and governed. The sources state that escorts Tokyo Facebook nor individual consortium members will control the cryptocurrency. However, there could be cases where some members could operate nodes on the network that underlies the crypto payments network.
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