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posted by Fnord666 on Wednesday May 29 2019, @03:59AM   Printer-friendly
from the FaceBank dept.

Submitted via IRC for AndyTheAbsurd

Facebook is planning to launch its own cryptocurrency in early 2020, allowing users to make digital payments in a dozen countries.

The currency, dubbed GlobalCoin, would enable Facebook's 2.4 billion monthly users to change dollars and other international currencies into its digital coins. The coins could then be used to buy things on the internet and in shops and other outlets, or to transfer money without needing a bank account.

Mark Zuckerberg, the founder and chief executive of Facebook, last month met the governor of the Bank of England, Mark Carney, to discuss the plans, according to the BBC.

Cryptocurrency without the pseudonymity? I think it'll work fine if they make it as easy to use as PayPal - and their blockchain processes transactions quickly, even without billions of records on it. Maybe we'll even finally get real microtransactions.

Source: https://www.theguardian.com/technology/2019/may/24/facebook-plans-to-launch-globalcoin-cryptocurrency-in-2020?CMP=Share_iOSApp_Other


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  • (Score: 3, Funny) by sjames on Wednesday May 29 2019, @05:25PM

    by sjames (2882) on Wednesday May 29 2019, @05:25PM (#848989) Journal

    As soon as I saw the headline, I thought "In Zuck we Trust". Then I hurt myself laughing.

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