New details surfaced on FACEBOOK blockchain coin. According to details a consortium company will control Facebook coin. Libra Association, FB consortium company. Biggest name of giant company joined Libra. Funds to control the company will generate among them. Each of these nodes will get a seat in Libra Association as an node operators.
Initial details revealed that big companies which includes the likes of Visa, Mastercard, PayPal and 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 giant’s crypto efforts, is also among the founding members.
Here is the partial list:
Blockchain
Coinbase – cryptocurrency wallet and exchange platform
BisonTrails – infrastructure-as-a-service company. Its platform enables a variety of features including staking, validating, voting, transacting and securing blockchain protocols
Xapo – cryptocurrency custody provider
Anchorage – custodial service for digital assets
E-commerce
Ebay – e-commerce corporation that enables consumer-to-consumer and business-to-consumer sales through its website
Mercado Pago (MercadoLibre) – Argentine e-commerce site incorporated in the U.S. with an online marketplace and auction
Farfetch – online platform for luxury fashion
Investment firms
Andreessen Horowitz – venture capital firm founded by Marc Andreessen and Ben Horowitz
Union Square Ventures – venture capital firm based in New York City
Creative Destruction Lab – seed-stage program for scalable, science-based companies
Ribbit Capital – venture capital firm that invests in early-stage companies
Thrive Capital – venture capital firm focused on internet and software investments
Nonprofit
Women’s World Banking – uses a network of 40 independent micro-finance institutions and banks provide support to entrepreneurs in the underdeveloped world with an emphasis on women
Kiva – 501 non-profit organization that allows users to lend money to low-income entrepreneurs in over 80 countries through its platform
Mercy Corps – global humanitarian aid organization that provides support to regions hit by disasters, whether they be economic, environmental, social or political
Payments
Visa – payments technology company
Stripe – technology company where businesses can send and receive payments over the internet
PayPal – operates a worldwide payment system
PayU – assists online businesses with accepting and processing payments
Mastercard – global payments provider
Ride-share
Lyft – transportation company that offers ride-sharing
Uber – ride-sharing platform
Social Media
Facebook (Calibra) – subsidiary Facebook created for Libra
Telecommunication
Vodafone – British multinational telecommunications company
Illiad – French provider of telecommunication services
Booking Holdings – provider of online travel
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