BBC: Facebook-crypto-currency GlobalCoin come 2020

the Reports broadcaster BBC that Facebook is planning to launch its own Cryptocurrency for the coming year. Accordingly, the crypto-currency, with the working title "GlobalCoin is to stand" in the first quarter of 2020 in twelve States. Among other things, Facebook should have already been in talks with the Bank of England, and Western Union. An official opinion of the Social Media giant is yet to be found.

By Christopher clover
24. May 2019BTC$8.077,00 3.69%part Facebook Twitter LinkedIn xing mail

The British Broadcasting Corporation (BBC) served a report on the latest culinary greetings from the rumours around the much-discussed – though never officially confirmed – crypto-currency from the house of Facebook. Already in the first quarter of 2020, Facebook wants to make its Stable Coin in twelve countries available. The BBC will also have found out that Facebook CEO Mark Zuckerberg in April, with Mark Carney, the Governor of the British Central Bank and Chairman of the Financial Stability Board (FSB) of the G20 has made. Thereafter, Zuckerberg and Carney exchanged views about the "opportunities and risks associated with the issuance of a crypto-currency,". In addition, is Facebook in talks with the U.S. Treasury Department, as well as payment service providers, including Western Union. The first Tests of the crypto-currency to begin by the end of this year. Furthermore, Facebook plans to publish in the summer, Details to his "crypto-"ambitions. The report by the BBC cites no source for his information.

For banks it is closely

It should, however, be surprising, if the information provided by the BBC should be confirmed. Too much has already become about the intentions of the Social-Media giant, to be in the financial sector, known. Under the name "Project Libra" followed Facebook the goal of a private payment network for its users to build. To achieve this, plans Facebook said to a round of Investment in the company to a billion US dollars for the in-house crypto-currency collect. According to insider reports, the money should be found to cover as a Stable Coin scale platform currency use. The advances of the once non-industry companies such as Facebook, Google and Apple in the financial sector show mainly one thing: The need for Alternatives to traditional financial service providers is growing.

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