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Facebook acquired a trademark from a little-known tax company for its secret crypto project

by Frank Chaparro and Ryan Todd

May 3, 2019, 1:31PM EDT  ·  1 min read

Quick Take

  • United States Patent and Trademark Office shows Facebook recently acquired the trademark ‘Libra’
  • The Wall Street Journal reported on Thursday that the code word for Facebook’s stablecoin project is Libra

by Frank Chaparro and Ryan Todd

May 3, 2019, 1:31PM EDT  ·  1 min read

Outside of anonymously-sourced reports in financial-media, very little concrete information is out there about Facebook’s secretive cryptocurrency project. 

Thursday evening, The Wall Street Journal dropped a bombshell report about the social media company’s efforts in blockchain, specifically that it is working on a building a full payments network and is in discussions with payment networks Visa and Mastercard to support it.