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This is not the first time that Facebook has interfered in the world of cryptocurrency.
A decade ago, Facebook created "Facebook Credits", a virtual currency that allows users to buy items in apps and on the social network.
After less than two years, they ended the project because nobody cared.
Or – and it's more likely – no one has trusted them enough to engage.
Now they are still trying, reports the BBC.
This time, they plan to launch "GlobalCoin", with the aim of implementing digital payment systems in a dozen countries in 2020.
Facebook is expected to present more detailed plans to date. summer, and has already met with the Governor of the Bank of England, Mark Carney.
Last month, founder Mark Zuckerberg met with Carney to discuss the opportunities and risks of launching a cryptocurrency.
Regulatory Issues of
Facebook claims that cryptocurrency will provide affordable and secure means of payment whether or not users have a bank account.
The project will badociate with banks and brokers that allow people to convert dollars and other international currencies into digital coins.
A small group of co-founders is expected to launch the badociation based in Switzerland in the coming weeks.
Fortunately, this is not what the coins will look like, but we appreciate the work of this model-artist:
Way to make it look less like a robot
One of the biggest hurdles that the business will face is to trust the users. their. They have a summary experience in the processing of personal data of each.
Facebook also discussed the process of controlling identity and how to reduce money laundering risks with the US Treasury.
It is believed that Facebook and its partners want to prevent sharp fluctuations in the value of the coin by attaching it to a basket of established currencies, including the US dollar, the euro and the Japanese yen.
Crypto-currency is only in its infancy, and even if it seems to want to be launched. at the beginning of next year, this calendar could be a little ambitious.
David Gerard, an expert in television channels, said:
Cryptocurrencies are vulnerable to fluctuations in value, which, according to Gerard, could be an obstacle to the success of social security. saying GlobalCoin from Facebook.
"Normal people do not want to manage a constantly fluctuating currency," he said.
But Garrick Hileman, a researcher at The Ondon School of Economics, said that the GlobalCoin project could be one of the most important events in the short history of cryptocurrencies.
Conservatively, he estimated that about 30 million people today use crypto-currencies. This compares to the 2.4 billion Facebook monthly users.
Meanwhile, Facebook is currently experiencing a mbad exodus so these figures could decrease.
Trust Facebook at your own risk. 19659002] [source:bbc]
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