Category cryptocurrency

Facebook Plans to Launch ‘GlobalCoin’ Cryptocurrency in 2020

The setting up of a digital payments system in a dozen countries would allow Facebook users to make purchases or transfer money without needing a bank account. Photograph: Loïc Venance/AFP/Getty Images
Facebook is planning to launch its own cryptocurrency in early 2020, allowing users to make digital payments in a dozen countries.
The currency, dubbed GlobalCoin, would enable Facebook’s 2.4 billion monthly users to change dollars and other international currencies into its digital coins. The coins could then be used to buy things on the internet and in shops and other outlets, or to transfer money without needing a bank account.
Mark Zuckerberg, the founder and chief executive of Facebook, last month met the governor of the Bank of England, Mark Carney, to discuss the plans, according ...

Read More