Social networking giant Facebook is about to launch a cryptocurrency of its own in the first quarter of 2020, the BBC claims.
The cryptocurrency, internally called GlobalCoin, will launch in about a dozen countries, with testing commencing by the end of this year.
SEE ALSO: Facebook’s cryptocurrency plans may be more ambitious than we thought
We’ve heard reports that Facebook is working on something crypto-related for about a year, ever since the company assigned its head of Messenger, David Marcus, to a blockchain-focused role in May 2018. But a recent report shed more light on the project (which, according to Facebook, boils down to a “small team” that’s exploring “many different applications” of the blockchain) — apparently, Facebook plans to launch a global, crypto-based payment, and e-commerce system. Read more…
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