“As Insider Leaks New Partners – Visa and Mastercard….
More details have just emerged regarding Facebook’s cryptocurrency project, perhaps giving us the most insight so far on the direction they’re aiming to take the project.
An insider, speaking to The Wall Street Journal has just leaked some new information on the project, including it’s name internally at Facebook, “Project Libra”.
We already knew they we’re ‘going big’ with this one – approximately 3 weeks ago we learned about the massive fundraising efforts going on behind the scenes – that’s when we first heard the project’s $1 billion dollar price tag, and that Facebook would be seeking outside investment to raise it.
The reporter who published that story also dove into Facebook’s current job listings and discovered 22 new roles within the company’s blockchain department now accepting applications, bringing the total number of department staff from 40 to 62.”
Pacio is interested to see who will win the race to global digital currency adoption. Facebook has a huge advantage due to its user base. So has Telegram. The big question: is user base the most important quality? Or should a good use case be favoured?