Facebook Could Launch Its Native Cryptocurrency “GlobalCoin” in 2020

According to a BBC report published on May 24, 2019, Facebook is in the final phase of launching its secretive cryptocurrency project.

Crypto Project to Go Live in Q1 2020

Social media giant Facebook has for months been reportedly working on a cryptocurrency project. Reports until now have implied that the company is looking to establish a blockchain-powered international digital payments system which would run on a native cryptocurrency.

Now, the BBC states the firm’s cryptocurrency has been referred to internally as “GlobalCoin.”

The report adds that Facebook has already had a talk with Bank of England governor Mark Carney regarding the digital currency project. Reportedly, Mark Zuckerberg met Carney in April 2019 to weight the pros and cons of launching a cryptocurrency….

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