Facebook's cryptocurrency is highly anticipated in the crypto community to be one thing that helps increase mass adoption. With the help of Visa, Mastercard, Uber and PayPal, this can finally become a reality.

Reports surfaced earlier this week by the Wall Street Journal that social networks had signed more than a dozen companies to support crypto currencies, stablecoin which had been developed in secret for more than six months. Each of these new supporters will invest around $ 10 million in the project as part of a consortium that regulates cryptocurrency.

In addition, the report said that Booking.com, Stripe, and MercadoLibre were three other companies that were part of this project but there was no one to determine their role to date.

Facebook has revealed that it was GlobalCoin last December, although the company has suggested that they are looking at cryptocurrency as far back as 2017.