Facebook climbs after cryptocurrency plans

Jamie McKane

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Facebook climbs after cryptocurrency plans

Facebook Inc. shares climbed on Friday following reports detailing the company’s plans to launch a digital currency, due to be unveiled next week.

Details emerged late this week concerning plans to roll out a cryptocurrency strategy on June 18. The Wall Street Journal reported it had signed up a number of major companies -- including Visa, Mastercard, PayPal and Uber -- to back the project.

[Bloomberg]
 
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