Facebook to launch cryptocurrency in 2020

[Eldorado]

"Social media giant Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020, according to a report from the BBC.

"The news and broadcasting organisation said on Friday that Facebook is planning to launch the cryptocurrency-based payments system in “a dozen countries” by the first quarter of 2020 and is looking to start trials by the end of this year."

At Coindesk dot com: https://www.coindesk.com/facebook-to-roll-out-globalcoin-cryptocurrency-in-2020-report-says

At the UK Guardian: https://www.theguardian.com/technology/2019/may/24/facebook-plans-to-launch-globalcoin-cryptocurrency-in-2020

[+Desertrat56]

How does crypto currency work?  I have a friend who is investing in it.  Is it like bit coin or different?

 

I see the second article gave a little more information on how it works.

Edited May 24, 2019 by Desertrat56

[Eldorado]

How do cryptocurrencies work? - BBC News report at YouTube:

https://www.youtube.com/watch?v=SzAuB2FG79A

Article at Mental Floss dot com:

http://mentalfloss.com/article/558977/how-does-cryptocurrency-work

 

Edited May 24, 2019 by Eldorado

[acute]

If cryptocurrencies are secure now, that doesn't mean they won't be hacked in the future.

[spartan max2]

Crypto currencies from a corporation hahahahaha 

Never. That pretty much defeats the originally purpose of crypto currency