29 Jul 2019
Facebook’s initiative to create its own digital currency was supported by the largest participants in the financial market. Interest in libra crypto was shown by well-known international companies that expressed a desire to join the new cryptocurrency project. Among them are the leading payment systems Mastercard, PayPal, Stripe, and Visa.
Among technology and trading companies, the Facebook initiative was supported by Booking Holdings, eBay, and Uber Technologies. The new cryptocurrency project buy libra was not paid attention to non-profit and scientific organizations. Among them - Creative Destruction Lab, "Kiva", Mercy Corps, Women’s World Banking. To manage the project, the Libra Association has been created, which is a non-profit organization. It is planned that it will include 100 participants. The entrance fee from each of them will be $ 10 million, which allows you to attract billions in investment.
Companies that are members of the Libra Association intend to integrate Libra into their own services in order to invite users to be convinced of the convenience and usefulness of this product. As part of the libra 2019 project, Facebook also integrates development into its own products. Users of the social network, messenger, WhatsApp and Instagram services will have Calibra wallets at their disposal. They are designed to store digital assets and perform payment transactions using Libra Coin.