The non-profit organization that will be engaged in supporting the proposed Facebook-based payment network based on steaklokoin was allegedly invested by leading financial companies, reports The Wall Street Journal , citing informed sources.

Thus, according to the publication, Visa, Mastercard, PayPal, as well as Uber and other companies have already invested $ 10 million in security reserves for the coin, the price of which will be tied to a basket of fiat currencies. At the same time, the management organization Libra Association and Facebook itself will not directly control steablecoin directly.

It is noteworthy that some participants in the initiative do not fully understand the mechanism of the new network and even their role in it, told WSJ sources.

Among the companies that intend to use what is known as GlobalCoin, the publication names Fintech-start-up Stripe Inc., Booking.com and Argentine Mercado Libra Inc.

Earlier, the publication The Information reported that a special structure was created to manage GlobalCoin, which is negotiating with various companies to participate in the project. Also called the amount of $ 10 million to join this structure as a node. In fact, the same information was reported by the WSJ, naming specific participants.

At this stage, Facebook itself has not yet confirmed, but has not refuted rumors about the launch of GlobalCoin. It is expected that the whitepaper will be presented on June 18.

In the exclusive material BlockchainJournal, you can find out what is fraught with the entry of Facebook into a new financial market.

Cryptocurrencies and the Zuckerberg empire: what the world faces with a bitcoin and Facebook mix https://t.co/Chp1hova3H #Facebook #Libra # cryptocurrencies pic.twitter.com/eAfllIvWK4

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