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Facebook's Libra cryptocurrency reportedly boasts big-name backers     - CNET

Facebook's Libra cryptocurrency reportedly boasts big-name backers - CNET

A Facebook cryptocurrency called Libra may be unveiled soon. Nasir Kachroo/NurPhoto via Getty Images Reports of Facebook's upcoming cryptocurrency have been circulating for weeks, and an announcement from the social network is expected within days. The coin, supposedly called Libra, has a list of financial backers including Visa, Mastercard, PayPal

Facebook's cryptocurrency could be announced next week with major partners

Facebook's cryptocurrency could be announced next week with major partners

Facebook's long-rumored cryptocurrency might not be a rumor anymore a week from now. The Wall Street Journal reported on Friday that the social media giant had recruited "more than a dozen" companies to fund its upcoming cryptocurrency, reportedly called Libra. Among those companies are notable names in the payment processing space, such as PayPal,

Facebook hires UK Standard Chartered lobbyist ahead of digital currency launch

Facebook hires UK Standard Chartered lobbyist ahead of digital currency launch

F acebook has recruited a UK banking lobbyist in its latest push to launch a new cryptocurrency next year. Ed Bowles, a veteran executive at Standard Chartered, will join the social media network in September as its London-based director of foreign policy. He is expected to help Facebook implement its cryptocurrency strategy, which will unveiled on

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

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

(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 on Thursday. Each company will invest around $10 million in a consortium that will govern the cryptocurrency, the WSJ reported, citing people

Facebook's secret project could be used to spy on you

Facebook's secret project could be used to spy on you

FILE - In this May 23, 2018 file phpoto, Facebook's CEO Mark Zuckerberg smiles during a picture with guests attending the "Tech for Good" Summit at the Elysee Palace in Paris. (Charles Platiau/Pool Photo via AP, File) (AP) Facebook is finally ready to reveal one of its most secretive projects: a new Bitcoin rival. That's according to insiders who say