Facebook hired the well-known lobbyist Edward Bowles of Standard Chartered, a British banking corporation, to work on an alleged payment network based on steaklkoin GlobalCoin in a project codenamed Libra, reports the Financial Times .

It is assumed that he will completely go to Facebook as early as September of this year. At the same time on his page in LinkedIn place of work still appears Standard Chartered, and Facebook is listed only in the interests.

Note that the publication did not disclose the source of information and stressed that at this stage neither Bowles nor Facebook will comment on this news in any way.

Earlier, the media reported that Facebook has already begun preliminary negotiations with the US Commodity Futures Trading Commission (CFTC) to find out whether GlobalCoin is subject to departmental regulation. It was also rumored that similar contacts had been established with the US Treasury Department and Mark Carney, manager of the Bank of England.

The latest data that leaked to the media suggests that large corporations Visa, Mastercard, PayPal, Uber and others could invest in a non-profit organization whose members are supposed to be nodes of the new payment network. Estimated entry threshold is $ 10 million.

It is expected that the white paper of the new project will be published on June 18th.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.