The path of the Facebook to the crypto-world is becoming clearer. The BBC report says Mark Zuckerberg’s company plans to deploy its crypto-sphere in the first quarter of 2020.
Release of "GlobalCoin" cryptocurrency
"GlobalCoin" will be tested by the end of the year, before it becomes available as a digital payment system in about a dozen countries.
It is reported that Zuckerberg met with Bank of England Governor Mark Carney to discuss the opportunities and risks associated with the launch of cryptocurrency and sought advice on operational and regulatory issues from US Treasury officials.
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The company met with Western Union to discuss cheaper and faster ways to send and receive currencies.
The Facebook company announced plans to release its own cryptocurrency in 2020. Before this news, the social network giant reportedly registered a new Swiss company called Libra Network in Geneva, which, unlike the coin name mentioned above, resembles the name of the Project Libra. A detailed GlobalCoin plan will be announced this summer.
Editor: Alyona Nabok