Facebook plans to launch its own cryptocurrency in 2020 – Business – 26/05/2019

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Facebook plans to launch his own cryptocurrency in the first quarter of 2020, according to information released Friday by the BBC.

Called for the moment GlobalCoin, this virtual money project, initially revealed by the Bloomberg agency in December, will be tested internally by the end of the year, before being published in a dozen countries, reveals the British media, which adds that Facebook will give more details. "this summer" boreal.

GlobalCoin will use technology & # 39;blockchain& # 39; a kind of huge public and tamper-proof record that allows fast, anonymous and secure transfer of virtual currency.

This technology is used by the vast majority of crypto-currencies, including Bitcoin.

But, unlike this one, the price of the GlobalCoin could be indexed on a basket of real currencies in order to limit its volatility, characteristic of the crypto-currencies which generally cause a rejection.

At the same time, the Financial Times also revealed Friday, according to two well-informed sources, that Facebook had contacted "at least two cryptocurrency trading platforms, Coinbase and Gemini, through which users could keep their currency Facebook, or convert it to other "virtual or real" currencies.