Facebook is garnering support for its coin

Last month, we reported that Facebook may possibly be seeking $1 billion to fund its digital coin. Last week, WSJ substantiated this by reporting that the company is talking to Visa, Mastercard, and First Data about potential support. All four companies have expanding patent portfolios in the Cryptocurrency sector, most of which fall under the Payment Architecture category. This suggests that Facebook wants to seek investments from and partner with entities that not only understand the crypto market and blockchain technology, but also intend to play active roles in this space, as indicated by their intellectual property.