Report: Facebook's Planned Cryptocurrency Has Visa, PayPal, Others On Board

Facebook Inc. (FB) has already signed up more than a dozen companies including Visa Inc V, Mastercard Inc. MA PayPal Holdings Inc. PYPL and Uber Technologies Inc. UBER to back a cryptocurrency that it plans to launch in 2020, according to The Wall Street Journal.

Facebook is set to unveil the cryptocurrency, Libra, next week, the Journal said, citing people familiar with the matter. 

Facebook shares were up 2.16% at $181.26 at the time of publication Friday. 

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