{"id":386445,"date":"2019-06-17T22:00:34","date_gmt":"2019-06-17T22:00:34","guid":{"rendered":"https:\/\/wncen.com\/?p=386445"},"modified":"2019-06-17T17:41:14","modified_gmt":"2019-06-17T17:41:14","slug":"bank-of-america-facebooks-libra-could-act-as-major-endorsement-of-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bank-of-america-facebooks-libra-could-act-as-major-endorsement-of-crypto\/","title":{"rendered":"Bank of America: Facebook\u2019s Libra Could Act as an Endorsement of Crypto; Here’s What Analysts Think"},"content":{"rendered":"

The crypto and finance worlds are both patiently awaiting further news about Facebook\u2019s highly anticipated cryptocurrency project, Libra, which is expected to be officially discussed in detail tomorrow.<\/p>\n

Prior to this announcement, multiple major analysts at global banks have shared their thoughts on what Libra could mean for both the company itself and for the aggregated crypto markets<\/a> in general, and the consensus is rather bullish.<\/p>\n

When Facebook Calls, You Pick Up: Libra Garners Major Partners Ahead of Official Launch<\/strong><\/h2>\n

Although Libra\u2019s massively centralized nature runs counter to the credo of decentralization held by many crypto enthusiasts, there is no question that one of the benefits<\/a> of its inextricable ties to Facebook is the sheer amount of massive partnerships it has already garnered ahead of its launch.<\/p>\n

According to recent reporting from The Block<\/a>, Facebook has already on-boarded multiple major companies to use Libra, with just a few of the notable names including Uber, Visa, Mastercard, Ebay, Spotify, among many others.<\/p>\n

Frank Chaparro, a journalist at The Block who first broke the list of partnerships, posted a chart on Twitter detailing the partners, which can be seen in the below tweet:<\/p>\n

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We\u2019ve mapped it out too! pic.twitter.com\/o2uhoxKJjc<\/a><\/p>\n

— Frank Chaparro (@fintechfrank) June 14, 2019<\/a><\/p><\/blockquote>\n