Facebook Seeking $1 Bln For It’s Coin!

On April 8, New York Times tech reporter Nathaniel Popper tweeted, Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token.

Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project.

Popper added that the reported project is a stablecoin that would be pegged to a basket of foreign currencies held in bank accounts.

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