Facebook’s ‘GlobalCoin’ cryptocurrency set to launch in 2020, report claims
Highlight
- The Cryptocurrency currency, referred to internally as 'GlobalCoin'
- After launching it will be available around 12 countries
- Facebook met Mark Carney to discuss opportunities and risks, Bank of England
From many days there is a rumor that the Facebook has to launch his own Cryptocurrency. But today its officially confirmed by the Facebook that they will be launching their cryptocurrency on the First quarter of year 2020. According to the Facebook they will revealed more information about this topic in summer. After launching the Digital Payment method will be available at 12 countries. The cryptocurrency which is being referred to as 'GlobalCoin'.
Facebook says to the people that with the help of GlobalCoin they will do secure payments without need a bank account. But the currency need to overcome various Technical and regulatory hurdles before it would be launched. To overcome this Facebook CEO, Mark Zuckerberg has met with the Mark Carney, The Bank of England's governor to discuss about the opportunities and risks of the planned digital currency.
In India, Facebook thinks its a harder job to do so. Facebook hopes with the help of it will allow Indian workers abroad to send money back home to their families with the help of Whatsapp. The company has talk with the US Union Treasury, as well as money transfer firm like Western Union to discuss the operational and regulatory issue about the cryptocurrency.
Facebook is also do many discussion with online merchants to accept their currency as payment. If it is launched then it would be the fastest way to transfer money in all over the world. But make to be it successful Facebook have to work harder regarding security issues. Because in today's time data is very important and if any person data can be leaked than its all money will be theft. And securing a data is a biggest issue of Facebook as we heard in the news. So for this new project Best of Luck to Facebook. For more updates keep in touch with Tech 24.
Facebook’s ‘GlobalCoin’ cryptocurrency set to launch in 2020, report claims
Reviewed by TECH 24
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May 24, 2019
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