25/05/19 03:00 UTC-4

Facebook Corporation plans to launch GlobalCoin cryptocurrency in 2020

Facebook will launch GlobalCoin cryptocurrency in 2020
Facebook will launch GlobalCoin cryptocurrency in 2020

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

See also: "Coinbase crypto-platform adds support for DAI stablecoin"

#Facebook #cryptocurrency #GlobalCoin



16/08/19 07:00 UTC-4

A Wall Street analyst is confident in the growth of Bitcoin

Yesterday, August 15, a prominent Wall Street analyst and co-founder of Fundstrat Global Advisors financial agency, Tom Lee, said he was confident in the imminent increase in the value of digital gold. According to an interview at Fox Business, by the end of 2019, cryptocurrency could hit a new historic high.

13/08/19 07:49 UTC-4

Ethereum cryptocurrency will be at $1000: survey results

A few days ago, on August 10, Nick Patel, a well-known trader and author of the bestseller about altcoins, conducted a social poll on his Twitter, which concerned the value of the second cryptocurrency by capitalization level – Ethereum. The results showed that more than half of the respondents are sure that the coin rate will be above a thousand US dollars.

31/07/19 05:10 UTC-4

The US Senate held a hearing on regulatory cryptocurrency issues

Following the previous hearings in mid-July, on July 30, the US Senate Banking Committee on the regulatory framework for cryptocurrencies and blockchains held a hearing entitled "Study of the regulatory framework for digital currencies and blockchain."

Fiat money, funds