Facebook is getting into the cryptocurrency business.
The social media company is recruiting dozens of financial firms and online merchants to launch a cryptocurrency-based system, reported by the Wall Street Journal.
Facebook's secretive plans code-named Project Libra include a digital coin that Facebook users can send each other and make purchases on the platform.
Telegram and Signal are companies that are planning to roll out new cryptocurrencies over the next year.
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Nathaniel Popper, New York Times reporter covering finance and technology from San Francisco
Richard Ma, co-founder and CEO of Quantstamp, a San Francisco-based cybersecurity company for blockchain
Eric Meltzer, partner at Primitive Ventures, a venture capitalist firm and early-stage investor in the cryptocurrency space