After months of rumours, it appears a Facebook cryptocurrency is imminent. Reports last week said its planned launch is slated for June 18, and now it appears that the cryptocurrency, Libra, has some legit backers, according to the Wall Street Journal. Initial reports stated Facebook put out a call--and a $10 million (£7.4m) fee--for any third-party organisation interested in joining a consortium to manage its proposed cryptocurrency. The WSJ reports that among those that bought in are Visa, Mastercard, PayPal, Uber, Stripe, Booking.com, and MercadoLibre, an Argentinian e-commerce site. That’s especially true, as the Information reported last week you’ll be able to use ATMs to exchange traditional money for Facebook’s cryptocurrency.

Source: Wall Street Journal June 15, 2019 08:03 UTC