Facebook plans to launch its own cryptocurrency in the first half of 2019

Facebook to Launch its Own Cryptocurrency in 2020

The American edition of The New York Times reported that Facebook is already discussing with the exchanges the issue of adding its own virtual currency to the list of their trading instruments..

Journalists refer to four people who have information about the essence of the negotiations. According to them, the largest social network told the representatives of the trading platforms that it plans to launch the cryptocurrency in the first half. Of 2019.

Several other reputable publications have also previously reported that Facebook is developing a stablecoin that will be available on Messenger, WhatsApp and Instagram. In any case, only one social network has about 2.7 million users, so any virtual currency added to the service will become the most significant of all existing projects..

It is also known that the company has strengthened its blockchain development staff. and attracted talented professionals from other projects, and has now opened 20 new vacancies. Cryptocurrency team will include more than 50 technicians, NYT says.

Facebook plans to launch its own cryptocurrency in the first half of 2019

Another major player in the digital asset market may be JPMorgan Chase, which recently announced the development of JPM Coin as an alternative to SWIFT..

text: Ivan Malicheno, photo: kubrick.htvapps