Facebook, Inc. - Facebook founded Libra Networks

Time: May, 2019

Place: Menlo Park, California, U.S.

Details: In May 2019, Facebook founded Libra Networks, reportedly in order to develop their own stablecoin cryptocurrency. In recent developments it has been reported that Libra is being supported by financial companies like Visa, Mastercard, PayPal and Uber. The consortium of companies is expected to pool in $10 million each to fund the launch of the cryptocurrency coin named Libra.

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