Facebook's cryptocurrency partners revealed--we obtained the entire list of inaugural backers
Facebook has been quietly building out its cryptocurrency for over a year, and it looks like that time has been well spent, enlisting the support of some of the most prominent companies across payments, retail, and technology.
As recently reported by The Wall Street Journal, Facebooks cryptocurrency will be governed by a consortium of firms known as the Libra Association, which includes the likes of Visa, Mastercard, and PayPal. But The Block has gotten its hands on consortium marketing materials and can now report dozens of firms not previously known to be involved, including investors such as Andreessen Horowitz and Union Square Ventures, cryptocurrency exchange Coinbase, and non-profits including Mercy Corps. Calibra, a subsidiary Facebook formed to oversee the social media giants crypto efforts, is also among the founding members, according to a source familiar with the matter.
Heres a full list of the Libra Association founding members, which Facebook is set to officially announce on Tuesday:
[link:
https://www.theblockcrypto.com/2019/06/14/facebooks-cryptocurrency-partners-revealed-we-obtained-the-entire-list-of-inaugural-backers/|
Full List at link