List: Here are all companies that back Facebook’s new cryptocurrency

List: Here are all companies that back Facebook's new cryptocurrency.

Image: Shutterstock / Trijo News

Teodor Stig-Matz

teodor.matz@trijo.co

On Tuesday, Facebook released information about its new cryptocurrency, libra. It is backed by some of the world's biggest companies.

Tuesday morning, Trijo News reported about Facebook’s whitepaper on their new cryptocurrency libra. To back the project, and get its own node on the blockchain, a number of large companies have been invited to invest $10 million each.

Among the companies that have chosen to invest in the project are a number of giants in different industries. These include payment service companies Visa, Mastercard, Paypal, Stripe, and Payu, and venture capital firms such as Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital and USV.

Spotify and Coinbase back libra

For Trijo News readers, we can report that a number of blockchain companies have also invested in libra. These are Anchorage, Bisontrails, Coinbase, and Xapo.

Several of the world’s most hyped tech companies are also included: Spotify, Ebay, Uber, Lyft, Mercado Pago, Booking Holdings, Farfetch, and Facebook themselves through the subsidiary Calibra. The list is rounded off with the telecom companies Vodafone and Iliad.

Do you consider becoming an investor in Facebook’s cryptocurrency? It may be difficult. In order to get a node on libra’s blockchain in the future, you need to go in with at least $10 million and be a Fortune 500 company, Coindesk reports.

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