Facebook is planning its own cryptocurrency for 2020
WHAT DO YOU DO when you have more money than you know what to do with? In Facebook’s case, the answer seems to involve making your own cryptocurrency, according to the BBC.
Internally it’s being referred to as GlobalCoin, rather than the infinitely preferable ‘Facebook Fun Buckz’, and testing will begin this year before it’s launched in around a dozen countries in 2020. The company has already been sounding out the likes of Western Union for a cheap and fast way for people without a bank account to send and receive money.
