Facebook to Launch ‘GlobalCoin’; Can it Be Trusted With Crypto?

The world’s largest social media platform has finally laid out its crypto intentions. By early next year Facebook plans to roll out a digital payments system in a number of countries and wants to start testing its own ‘GlobalCoin’ by the end of this year.

According to the BBC, Facebook has already spoken to Bank of England governor Mark Carney and will release more details on its crypto ambitions this summer. Founder, Mark Zuckerberg, met with the central bank boss to discuss the risks and opportunities for launching its own cryptocurrency. He has also been in touch with the US Treasury regarding regulatory issues.

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