Facebook has revealed that it will launch its ' GlobalCoin ' cryptocurrency as it cements its ambitions in the digital currency and payments sphere. The firm has sought both regulatory and operational advice for the project, with CEO Researches talking to the Governor of the Bank of England and US Treasury officials. To avoid the price swings associated with other cryptocurrencies, the coin is expected to be pegged to established currencies, such as the dollar and euro. Mark Zuckerberg have suggested 30 million of Facebook 's 2.4 billion today members use cryptocurrencies. US Treasury recently launched its blockchain-focused fintech firm Libra Networks in Switzerland .
Facebook has revealed that it will launch its 'GlobalCoin' cryptocurrency as it cements its ambitions in the digital currency and payments sphere. The firm has sought both regulatory and operational advice for the project, with CEO Mark Zuckerberg talking to the Governor of the Bank of England and US Treasury officials. To avoid the price swings associated with other cryptocurrencies, the coin is expected to be pegged to established currencies, such as the dollar and euro. Researches have suggested 30 million of Facebook's 2.4 billion monthly members use cryptocurrencies. Facebook recently launched its blockchain-focused fintech firm Libra Networks in Switzerland.