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Facebook Said to Be Coming For Your Wallet With Its 'GlobalCoin' Cryptocurrency in 2020

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Apparently, Mark Zuckerberg is a man with a cryptocurrency plan. According to a BBC News report, Facebook plans to launch its highly anticipated cryptocurrency in about a dozen countries as early as Q1 2020, with possible testing to begin at the end of this year.
Apparently, Mark Zuckerberg is a man with a cryptocurrency plan. According to a BBC News report, Facebook plans to launch its highly anticipated cryptocurrency in about a dozen countries as early as Q1 2020, with possible testing to begin at the end of this year.
Inside Facebook, the cryptocurrency is reportedly being called “GlobalCoin,” which not only hints at the company’s, well, global aims but points out a missed opportunity to dub it ZuckCoin, or FaceBitCoin, or some other clever moniker. The BBC reports Facebook has already met with Mark Carney, the governor of the Bank of England, and he has sought advice from U. S. Treasury officials. It’s also in talks with money transfer services like Western Union to potentially open up GlobalCoin to people without bank accounts.

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