New details have emerged on Facebook's planned cryptocurrency, with several outlets reporting that The Social Network is finalizing plans to launch its own 'GlobalCoin' option early in the new year.
As per BBC News:
"Facebook wants to create a digital currency that provides affordable and secure ways of making payments, regardless of whether users have a bank account. The social networking site, which owns WhatsApp and Instagram, is hoping to disrupt existing networks by breaking down financial barriers, competing with banks and reducing consumer costs."
Glen Johnson
I'm Glen Jonhson. A full time Technology Blogger.
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