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On May 3, the Wall Street Journal (WSJ) announced that social media giant Facebook was seeking a $ 1 billion investment in its famous cryptocurrency account.
Citing people familiar with the plans, the release revealed that Facebook was currently discussing with major Visa and MasterCard payment networks, as well as the payment processor First Data Corp.
The cryptocurrency project, dubbed "FB Coin", has fueled for a year or so rumors that Facebook wants to offer internal payments to users. As more and more information arrives outside, it appears that leaders are considering various options, including payments via a Facebook profile of a user.
"Facebook is also talking to e-commerce companies and room acceptance applications, and would like to get less significant financial investments from these partners," said one of the people, "added the WSJ.
As reported Cointelegraph, the interest for a FB coin centered on financial interests would have already begun in crypto-currency circles, particularly in the form of the tycoon of capital investment Tim Draper.
Last month it was announced that Draper, who is a known bitcoin bull (BTC) and supporter of the Tezos altcoin (XTZ), would meet Facebook to discuss investment options.
According to WSJ sources, however, huge support in fiat is deliberately designed to dispel the doubts that seem to exist between FB Coin and Bitcoin and other encrypted currencies. Volatility, they said, should be avoided in order to stimulate absorption.
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