Facebook continues to work on launching its own cryptocurrency, which should appear at the end of this month under the name Globalcoin.
The launch of Globalcoin
The company is almost ready to launch and plans to launch its own cryptocurrency this month. Facebook also mentioned that employees will be able to accept GlobalCoin as a method of paying salaries.
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According to CNBC: "Over 100 employees are currently working on GlobalCoin and Facebook continues to expand the team. The company has more than 40 vacancies for those who want to cooperate."
Facebook will also offer a global digital asset solution that can significantly speed up deployment through cryptocurrency integration, which is expected to be added to Facebook, Instagram and Whatsapp.
Facebook is preparing to release its own cryptocurrency at the end of the month. David Markus, the blockchain’s Facebook project manager, commented on the project, saying: "Our ultimate goal is to help billions of people get access to the things they don’t have now — it could be things like health care, fair financial services, or new ways to save."
Editor: Yuliya Soroka