When it comes to Facebook and its crypto initiatives, it seems everyone wants a little piece of the action.
More Companies Pledging Money to Facebook Coin
According to one source, the company’s newly announced “Libra Network” has garnered about $40 million from companies such as Visa, Mastercard, Uber and PayPal ($10 million each). Libra is a project that will allow users of Facebook to purchase goods and services with Facebook Coin through the social media platform, as well as through merchants’ websites that offer Facebook login options.
At press time, it is believed that Libra will be announced as early as next week, while the currency will go into circulation sometime next year. Facebook Coin will also be a stable currency, meaning it will be tied to the U.S. dollar and…