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Companies behind Facebook’s future blockchain network

While a recent report revealed that Facebook’s future blockchain network was backed by large companies such as Visa, Uber or PayPal, a new document attests that other powerful firms such as Ebay, Coinbase, lyft or again Spotify are also part of the adventure.

TheBlockCrypto media announced that it has obtained consortium marketing materials. Asociación Libracuyo role would be to manage nodes in the future Facebook blockchain network.

Thursday, sources cited by the Wall Street Journal already claimed that visa, Uber, PayPal, MasterCard, Stripe, and MercadoLibre had joined the consortium.

And now learned that American venture capital companies would also be involved, including Andreessen Horowitz, Ribbit Capital and Union Square Ventures.

There are also several new companies in the blockchain industry, such as the cryptography agent of California. Coinbase and the providers of cryptographic portfolios. XAPO and anchorage.

Facebook allegedly discussed Gemini and Coinbase crypto-grants

It has also been reported that the Palo Alto network has hired companies specialized in telephony such as illiad. A French telecommunications group founded by Xavier Niel, as well as the English Vodafone.

In addition, the fashion site. Farfetch, the Swedish music streaming service Spotify and the competitor of Uber, lyft, are given as participants in the consortium.

Facebook The ambition to create an independent foundation by offering large companies to pay. $ 10 million to be able to manage a node in its blockchain. The firm would consider finding 100 partners to secure its network, generate $ 1 billion in royalties and reassure regulators.

Libra Networks: Facebook creates a blockchain of fintech in Switzerland

Last week, Laura Mccracken, Head of Financial Services and Payment Alliances for Northern Europe on Facebook, said the company would reveal the white paper of her cryptomonnaie on June 18, 2019, while she thought the information was known.

Earlier this month, Facebook was in talks with the regulator. CFTC to find out if your digital currency, a backup currency backed by a basket of fiat currencies, would fall under the US Securities Act.

Although the regulators could hamper the progress of the project, the cryptocurrency launch would be planned for the 1st quarter of 2020.

Published inCryptocurrencies
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