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Facebook plans to launch 'GlobalCoin' currency in 2020

Facebook plans to launch 'GlobalCoin' currency in 2020

Read more on BBC News

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  • In our Axios Harris Poll 100, Facebook’s reputation declined further that Wells Fargo in a single year. Currency is trust and trust is currency.

  • This time around you can lose your currency along with your privacy.

  • This is a story that keeps popping up. Is it wishful thinking on Facebook's particularly that they are hoping that the public will trust Facebook and that the regulatory agencies of all the countries involved will ignore the potential for money laundering and tax evasion. There is also the issue of those

    This is a story that keeps popping up. Is it wishful thinking on Facebook's particularly that they are hoping that the public will trust Facebook and that the regulatory agencies of all the countries involved will ignore the potential for money laundering and tax evasion. There is also the issue of those countries that anonymous payments are forbidden.

  • The challenges here are far greater than most investors recognize. In addition to the issues John mentioned, there are fundamental logistical problems such as how the accounts are managed, custody of the accounts and their cryptocurrency, as well as transaction monitoring challenges because of the size

    The challenges here are far greater than most investors recognize. In addition to the issues John mentioned, there are fundamental logistical problems such as how the accounts are managed, custody of the accounts and their cryptocurrency, as well as transaction monitoring challenges because of the size and complexity of Facebook. Traditional kyc and due diligence is already out the window because the existing client base it is already installed. anti-money laundering and countering terrorism financing is going to be far more complicated because of messaging capabilities in multiple Facebook properties.

  • Regardless of the probability of its success, adding a crypto-currency service to FB is a good match and a natural decision made considering 1) the number of devices with FB app downloaded on, 2) the number of users, restaurants, cafes, or communities on FB, and 3) having the marketplace available already.

  • Personal I won't trust Facebook with any of my digital payment information. I have no trust in them.

  • Wwwwwwwwwww2eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeè

  • I am not sure whether the plan will be good or not. It is the key which Facebook gathers trust of the world.

  • This trying is interesting for me.

    I tried to develop blockchain project which use Ethereum last year.

    I’m certain that Blockchain technology have great possibility. I expect this project.