The companies were twenty-seven in all and according to Zuckerberg’s statement, they are all solidly supporting Facebook’s stablecoin project.
Zuckerberg in his statement revealed that his main mission is to open the world to digital financial infrastructure as well as create awareness of digital currencies to the billions of people present in the world today. According to his statement, Zuckerberg plans to fulfill this mission through the launch of his Libra project which is due next year.
Mark’s announcement had the logo of twenty-eight companies with the newly formed Libra network also among them.
Facebook Partnering Companies
Below is the list of companies that worked together to assist Facebook with the realization of its dream:
Women’s World Banking
Kiva
Booking Holdings
Andressen Horowitz
Farfetch
Iliad
Mastercard
PayU
Mercado pago
Coinbase
Creative3
Bison Trails
Calibra
Mercy Corps
Vodafone
United Square Ventures
Ribbit Capital
Thrive Capital
Visa
Lyft
Stripe
Ebay
Spotify
Anchorage
Xapo
Breakthrough Innovations
Earlier today, Libra’s white paper showed that the stablecoin would be overseen by a Libra Association Council. The council would contain all founding members of the company having at least ten million dollars ($10m) at stake in the currency with a minimum of one vote.
Rumors also have it that Facebook has been trying to obtain one billion dollars in investments for the Libra coin project.
In the same announcement, Zuckerberg announced the launch of a subsidiary – Calibra. The subsidiary network, Calibra, will help users send, spend and save Libra; first with a digital wallet on WhatsApp and Messenger and later in an app that will be available next year.
