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Facebook's cryptocurrency-based payments system gets big backers

Updated : June 14, 2019 07:37 AM IST

Each company will invest around $10 million in a consortium that will govern the cryptocurrency, the WSJ reported, citing people familiar with the matter.
The money will fund the creation of the coin, which will be pegged to a basket of government-issued currencies, the report said.
Facebook's cryptocurrency-based payments system gets big backers

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