Globalcoin: Everything We Know About Facebook’s Cryptocurrency

Published: June 26, 2019 | by Web Master

The world’s biggest social media company appears dead-set on launching its own cryptocurrency.

Facebook has yet to announce much on its plans publicly, but media reports on its crypto ambitions have emerged over the past six months, painting a partial picture of how the social network wants to capitalize on blockchain technology.

In short, a team led by former PayPal president David Marcus is building an asset-backed cryptocurrency, one designed to operate within the company’s existing messaging infrastructure (WhatsApp, Instagram and Facebook Messenger).The only facts arising directly from the company come from Laura McCracken, Facebook’s head of financial services and payment […]

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