Facebook signs major partners for its cryptocurrency network and it still sounds terrible

2019-6-14 11:49

Facebook has begun assembling a who’s who of big tech companies to back its soon to be unveiled cryptocurrency, GlobalCoin. The likes of Mastercard, Visa, Uber, and PayPal are all backing the social media giant’s upcoming digital coin due to be unveiled later this month, and officially rolled out next year, reports The Wall St Journal.

The Big F has already signed up more than a dozen companies. Each of these firms will invest a reported $10 million to help support GlobalCoin, and to be part of the coin‘s governing consortium called the Libra Association. Fintech firm Stripe, Booking. com, and…

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