Facebook is consulting with various fintech and e-commerce companies to support Facebook’s crypto payment service, CNBC reports.
According to CNBC, Facebook is cooperating with Visa and MasterCard about the service, which is called “Project Libra.”
Moreover, it has been reported that the project will be based on a blockchain network and will include stablecoin pegged to the U.S. dollar.
Earlier it was reported that Facebook is planning to launch its own cryptocurrency in the first half of this year.
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