RATE Group | Tagomi Becomes the Part of Facebook’s Libra Association to Develop a Cryptocurrency
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Tagomi Becomes the Part of Facebook’s Libra Association to Develop a Cryptocurrency

28 Feb Tagomi Becomes the Part of Facebook’s Libra Association to Develop a Cryptocurrency

Posted at 05:18h in Cryptocurrency News by

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Facebook’s Libra is again gaining heat as yet another firm has joined the independent consortium of Libra, the Libra Association. Per the latest report, a digital asset company, Tagomi is yet another name in a list of members of Facebook’s Libra Association,

With the joining intent in place, Tagomi aims to invest about $10 million for the development of yet to launch Libra stablecoin. Noticeably, Tagomi’s report of joining the Libra Association comes in the wake of Shopify’s inclusion in the Libra Association. Interestingly, Tagomi will be the 22nd member of Facebook’s Libra Association.

Following the contribution of $10 million to Facebook’s Libra, Tagomi can also be able to have a node that gives it authority to validate the transactions of Libra stablecoin.

While the official announcement from Tagomi is yet to be announced this week, the president of Tagomi Marc Bhargava acknowledged the news and stated that;

 “We’re excited to become a member of @Libra_, sharing a…

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