2020 Facebook and Cryptocurrency
2020 Facebook and Cryptocurrency In an amazing announcement in May, Facebook stated that they are entering the blockchain and cryptocurrency market in 2020. No less than 50 Facebook employees have been working on this new venture for over a year. By April 2020, Facebook plans to set up digital payments in about 12 countries. Its leader, Mark Zuckerberg, has already discussed the issues, operational and regulatory, that could hindrance the introduction of this new Facebook offering. In this process, he spoke to the Bank of England governor, Mark Carney and to the US treasury. It should be noted that the US Senate banking committee has raised questions about the Facebook consumers’ privacy. It is now down to Mark Zuckerberg to address legal, regulatory and privacy concerns. Currently, this cryptocurrency is known as “GlobalCoin”. More details about it will come forth during the summer of 2019. Facebook added services will allow users to convert currencies into digital...