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Facebook’s Libra currency gets backing from MasterCard, Visa, PayPal and more

Christine Fisher
Facebook’s Libra currency gets backing from MasterCard, Visa, PayPal and more

Today, Facebook finally announced its long-rumored cryptocurrency platform, Calibra. Some speculated that the company would rely on outside firms and existing cryptocurrency exchanges, like the Winklevoss twins' Gemini. Instead, Facebook's Calibra will use a brand new cryptocurrency, Libra.