The Facebook plan is to issue its cryptocurrency in the first quarter of the next year. Facebook will provide more information about this cryptocurrency this summer.
This currency experience will start at the end of 2019. This currency has been named Global Coin. The launch will be offered in dozens of countries. From this currency, consumers will be able to secure and properly pay without the bank account.
Before launching the currency, many technical and legal remedies will be removed from it. According to the BBC News, CEO Mark Zuckerberg has met Governor of the bank of England talks on the digital currency. Facebook will issue this currency in India as well.
Facebook will try to insert payment option in WhatsApp to send money in their country within a minute using this option.
The crunchy that will be launched by Facebook, it will be a stable currency which will be associated with the traditional currency. Facebook is also interacting with Western Union such as the US Treasury and Deposit Shipping companies.
The first news about Facebook’s cryptocurrency in the news was in May last year.