Facebook: What Globalcoin Really Means for Crypto (2019)

Facebook: What Globalcoin Really Means for Crypto (2019)

Over the past year, Facebook has been rumoured to be releasing a new cryptocurrency which is set to be a stablecoin. Although, it seems that these are no longer just rumours as news reports suggest Facebook will shortly launch it’s ‘Project Libra’ cryptocurrency, which will be available to users of its suite of platforms. It’s assumed that any merchant with an account on these platforms could transact in the cryptocurrency with customers who also have accounts, for near enough anything. From online purchases, real-world purchases and things like general goods and services.

Last week, Facebook announced plans to give more details in regards to the cryptocurrency on 18th June and confirmed its cryptocurrency will be stablecoin whose value will be tied to a handful of fiat currencies.

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