Spotify explains why it’s backing Facebook’s Libra cryptocurrency
Posted on: 18 juin 2019, by : Stuart Dredge

The recent leaks were correct: music-streaming Spotify is on board as one of the first backers of Facebook’s new Libra cryptocurrency.
The social network will launch a cryptocurrency called Libra in 2020, complete with a wallet developed by the company’s new Calibra subsidiary. And backing all this is The Libra Association, which Facebook says will be an independent, not-for-profit organisation.
Spotify is one of that body’s founding ‘technology and marketplaces’ partners, alongside the likes of eBay, Uber and Lyft, with MasterCard, Visa, PayPal and Stripe among the partners in its ‘payments’ category.
The post Spotify explains why it’s backing Facebook’s Libra cryptocurrency appeared first on Music Ally.
Source: Music ally

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