Facebook plans to launch 'GlobalCoin' cryptocurrency in 2020
Facebook is planning to launch its own cryptocurrency in early 2020, allowing users to make digital payments in a dozen countries. The currency, dubbed GlobalCoin, would enable Facebook’s 2.4 billion monthly users to change dollars and other international currencies into its digital coins. The coins could then be used to buy things on the internet and in shops and other outlets, or to transfer money without needing a bank account.
Mark Zuckerberg, the [semi-humanoid Jewish] founder and [front-man] chief executive of Facebook [of dubious origin], last month met the governor of the Bank of England, Mark Carney, to discuss the plans, according to the BBC. Zuckerberg has also discussed the proposal, known as Project Libra, with US Treasury officials and is in talks with money transfer firms, including Western Union, to develop cheap, safe ways for people to send and receive money. A report last year said Facebook is working on a cryptocurrency that would let users transfer money using WhatsApp, its encrypted mobile-messaging app.
“Payments is one of the areas where we have an opportunity to make it a lot easier,” Zuckerberg told the company’s developer conference last month. “I believe it should be as easy to send money to someone as it is to send a photo.”
No one likes this faggot, and I hope most of you do not use social media, but this really could be a game changer. They have the means to hire all the right people to get this done, and they start off with 2.4 billion users. What are you thoughts coinfags? Will other cryptos be able to compete?