Editor's Note: This article comes fromDeep Chain Finance (ID: deepchainvip), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Deep Chain Finance (ID: deepchainvip)
, reprinted by Odaily with authorization.
Just after payment giants such as Visa, Mastercard and PayPal were exposed, today, the complete list of Facebook’s cryptocurrency project partners was disclosed by The Block.
The list shows that Facebook partners are distributed in seven major fields: blockchain, investment institutions, shared travel, payment, e-commerce, social media, and telecommunications.
26 companies or organizations including Coinbase Exchange, well-known investment institution Andreessen Horowitz, non-profit organization Women's World Bank, shared travel platform Uber, British multinational telecommunications company Vodafone, online travel provider Booking Holdings, and Visa.
As the Wall Street Journal recently reported, Facebook's cryptocurrency will be managed by a consortium called the Libra Association. The funds from the consortium members will back Facebook's stablecoin, which will be pegged to a basket of currencies.
If successful, Facebook could receive $1 billion from the 100 companies it wants to include in the project. Each of these nodes will also reportedly receive a seat in the Libra Association as a node operator and send a representative to the consortium.
Initially Facebook had ambitions to involve Wall Street, but found a lack of interest from institutional giants such as Goldman Sachs and JPMorgan. Facebook still hopes to have 100 members in the governing association, the person said.
blockchain
Below is a chart of the Facebook Libra Association (Libra) by industry.
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blockchain
Xapo - Cryptocurrency Custody Provider
e-commerce
Anchorage - custody service for digital assets
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Ebay - an e-commerce company that enables consumer-to-consumer and business-to-consumer sales through its website
Mercado Pago (MercadoLibre) - Argentinian e-commerce site incorporated in the US with online marketplace and auctions
Farfetch - Online Platform for Fashion and Luxury
text
investment company
Andreessen Horowitz - venture capital firm founded by Marc Andreessen and Ben Horowitz
Union Square Ventures - New York City-based venture capital firm
Creative Destruction Lab - Seed-stage program for scalable, science-based companies
Ribbit Capital - venture capital firm that invests in early-stage companies
Thrive Capital - a venture capital firm focused on internet and software investments
Women's World Bank - a network of 40 independent microfinance institutions and banks supporting entrepreneurs in less developed countries, with a focus on women
to pay
Kiva - 501 non-profit organization that allows users to provide loans to low-income entrepreneurs in over 80 countries through its platform
Mercy Corps - Global humanitarian aid organization providing economic, environmental, social and political support to disaster-affected areas
to pay
Visa - payment technology company
Stripe - technology company, businesses can send and receive payments over the internet
PayPal - operates a global payment system
PayU - Helps online businesses accept and process payments
shared travel
social media
Lyft - shared mobility company
Uber (Uber) - shared ride platform
social media
Facebook (Calibra) - Facebook subsidiary created for Libra
telecommunications
