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 https://on.wsj.com/2IdYo3a on Thursday.
Each company will invest around US$10 million in a consortium that will govern the cryptocurrency, the WSJ reported, citing people familiar with the matter.The money will fund the creation of the coin, which will be pegged to a basket of government-issued currencies, the report said.Source: Reuters
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