Facebook (NASDAQ:FB) is gathering a team of experts, including financial firms and online merchants, to launch its own payment system based on a native digital asset, the Wall Street Journal reported. The news of Project Libra, the working name chosen, arrives after weeks of speculation regarding Facebook’s approach to digital assets.
The inclusion of Facebook would mean a brand new digital coin, with instant widespread adoption. However, Facebook’s coin would be something of an outsider to the world of digital assets, as it would be created by a known entity, relyi...