Facebook hired well-known lobbyist Edward Bowles of the British banking Corporation Standard Chartered to work on the intended payment network on the basis of stablon GlobalCoin project, codenamed Libra, the Financial Times reports.
It is anticipated that it will go completely into Facebook in September this year. While its page on LinkedIn place of work still is Standard Chartered, and Facebook is listed only in the interests.
Note that the publication did not disclose the source of information and stressed that at this stage neither Bowles nor Facebook will have no comment on this news.
Earlier media reported that Facebook has already started preliminary talks with the Commission on urgent exchange trade of the USA (CFTC) to find out whether GlobalCoin under the regulation of the Department. There were also rumours that similar contacts have been established with the Ministry of the Treasury and Governor of the Bank of England mark Carney.
The last data that was leaked to the media, saying that the non-profit organization, which supposedly will act as a node for the new payment network, had the ability to invest a large Corporation Visa, Mastercard, PayPal, Uber, and others. The estimated entry threshold — $10 million
It is expected that the white paper new project will be published June 18.