Facebook's cryptocurrency could be announced next week with major partners

Facebook's long-rumored cryptocurrency might not be a rumor anymore a week from now.

The Wall Street Journal reported on Friday that the social media giant had recruited "more than a dozen" companies to fund its upcoming cryptocurrency, reportedly called Libra. Among those companies are notable names in the payment processing space, such as PayPal, Mastercard, and Visa. 

That means when Facebook reportedly unleashes its Libra white paper next week, it will do so with the blessing of several companies that could have been hurt by this had they not invested in it themselves. As the Journal report pointed out, these companies stand to benefit if Libra actually takes off. Read more...