Cryptocurrency is here to stay for good and Facebook is also ready to cut its share in the market with the upcoming coin codename “GlobalCoin”.
GlobalCoin from Facebook will be launching next year 2020 and its aim to provide users an affordable and secure way of making payments. Users don’t need to have a bank account to use the coin. The company is said to be in talks with money transfer firms like Western Union to streamline the process and make it easy for people to send and receive money.
Facebook will be working with brokers and banks to enable people to change international currencies into Facebook digital coin. Since the social media giants have billions of users, Globalcoin will be a major mode of payment with lower transaction charges.
The project will see it join forces with banks and brokers that will enable people to change dollars and other international currencies into its digital coins.
You’ll be able to send and receive money using WhatsApp once the coin is launched according to reports.
Facebook Coin will be rolled out next year but the question still remains, will people trust Facebook enough to exchange their cash for digital coin?
Will it really be able to withstand the existing coin in the market? Also remember that Telegram coin is also comin next year.
People will embrace it if all security checks are put in place to guard the coin.
We waiting for it to show up
We are not done with the ones that are available and another is thinking of launching
So they are all embracing Cryptocurrency now…
I think I will have to put my interest in this Coin of a thing
gradually we won’t spend cash anymore…. we would be using our finger prints and retina scan…lol na to go cut person finger now ????
@yatoGami???, well to me technology is really taking over these modern days but I think it’s cool the way it’s going be to those who will participate.
?
This is a welcome boost for crytocurrency