Facebook finally secures dozens of investors for Libra, but aims for more

Must Read

Bank Of England Claims That Cryptocurrencies Could Make Banking Systems Redundant And Useless

Bank of England, Deputy general, Jon Cunliffe stated that the rise of cryptocurrencies and stablecoins could result in...

Africa’s First Bitcoin ATM Card Launched By Patricia in Niegeria

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction between Bitcoin and its users. ...

FCoin Makes Attempt To Rise From The Dead, But They’re Struggling

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping attempts to get back into...
0
Zaryab Afser
A stock market trader, a blogger , a cryptocurrency enthusiast ... Awareness of proper trend and Action at the correct time are the 2 most imperative tools to succeed in the crypto world. He will undoubtedly provide you with the first tool. Moreover he ensures that his readers never miss any data or news of the crypto world that might end up shifting your trade to the zenith of its glory. Cheers.

 

As the news had actually been revolving in the market for a while now that Facebook, in order to execute its crypto projects is looking for strong supporters in the market.

Well Not Anymore.

As per the sources, the firm has now successfully been able to secure a prodigious support form not just a few but dozens of players in the crypto market as well as the blockchain sector out there. June 14th witnessed the announcement of the overall roster by the technology-focused media outlet the Block.

According to the news that broke out yesterday, Facebook has been able to secure a strong backing from over a dozen of firms which include Visa, Mastercard, PayPal as well as Uber When brought together, this whole group of investors will be called Libra Association. The other giants involved in the Libra Association are Vodafone, Kiva, VISA, Ebay, Spotify, Facebook, Bison Trails, Coinbase, PayU, PayPal, UBER, FarFetch, Creative, Mercy Corps, etc.

While all these seem pretty normal and on track, there have been some inside news, that came across from a familiar source. As per the source, The company won’t stop here as it aims to attract 100 members in the governing consortium. Now it is firmly believed that if everything remains on track as per the plan, Facebook will undoubtedly be able to secure $1billion from the 100 participants. This is so because of the charging rules imposed by Facebook, i.e, $10 million each member.

Hot News

Bank Of England Claims That Cryptocurrencies Could Make Banking Systems Redundant And Useless

Bank of England, Deputy general, Jon Cunliffe stated that the rise of cryptocurrencies and stablecoins could result in the banking system running dry...

Africa’s First Bitcoin ATM Card Launched By Patricia in Niegeria

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction between Bitcoin and its users. This proves a new platform...

FCoin Makes Attempt To Rise From The Dead, But They’re Struggling

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping attempts to get back into the game. FCoin reported a...

Gilded Partners With TrustToken To Bring Payments On Stablecoins Backed By 5 Popular Fiats

Blockchain-based accounting solution start-up, Gilded has now partnered with financial infrastructure provider, TrustToken. This partnership hopes to be highly valuable and beneficial for...

Where will Bitcoin Head Post Bitcoin Halving 2020, Detailed Analysis

Bitcoin Halving 2020 is just around the corner and every enthusiast and market watcher are on their feet to witness the Halving. The...

Ripple Plans to Launch Third Party Cryptos on it’s Network – Ripple CTO

Ripple CTO, David Schwartz said Third-party cryptocurrencies can soon be launched on the networks of Ripple, said the company’s CTO. David Schwartz, was...

Africa’s First Bitcoin ATM Card Launched By Patricia in Niegeria

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction between Bitcoin and its users. This proves a new platform...

FCoin Makes Attempt To Rise From The Dead, But They’re Struggling

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping attempts to get back into the game. FCoin reported a...

Gilded Partners With TrustToken To Bring Payments On Stablecoins Backed By 5 Popular Fiats

Blockchain-based accounting solution start-up, Gilded has now partnered with financial infrastructure provider, TrustToken. This partnership hopes to be highly valuable and beneficial for...

Where will Bitcoin Head Post Bitcoin Halving 2020, Detailed Analysis

Bitcoin Halving 2020 is just around the corner and every enthusiast and market watcher are on their feet to witness the Halving. The...

RELATED NEWS

Bank Of England Claims That Cryptocurrencies Could Make Banking...

Bank of England, Deputy general, Jon Cunliffe stated that the rise of cryptocurrencies...

Africa’s First Bitcoin ATM Card Launched By Patricia in...

First Bitcoin ATM Card unveiled in Africa by Patricia to streamline the interaction...

FCoin Makes Attempt To Rise From The Dead, But...

Cryptocurrency exchange, FCoin After reporting insolvency on February 27, is now making scraping...