Facebook’s Crypto Division Brings on Uber, Visa & PayPal as Backers as Globalcoin Nears2

Traditional fintech firms, save for Bitcoin pundit Jack Dorsey’s Square, have been slow to adopt cryptocurrency. While PayPal has dabbled in the arena, purportedly launching a digital token for internal testing last year, firms like Visa, Mastercard, and their ilk have been hesitant to take the plunge.

In fact, an executive — the chief executive — from Mastercard called crypto “junk” last year, citing the lack of transparency and their non-conformity to traditional finance. This is quickly changing though, with news that the aforementioned firms are investing in Facebook’s digital asset play.

Original source
https://blockonomi.com/facebook-crypto-uber-visa-paypal/

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