BBC: Facebook planning to launch 'GlobalCoin' in 2020 across a dozen countries
May 24, 2019, 6:23AM EDT
1 min read
Months of anticipation around Facebook's crypto token is set to continue as it eyes a Q1 2020 launch, according to a BBC report Friday. The social media giant is now said to be finalising plans for its 'GlobalCoin' and will begin testing later this year, before launching in around a "dozen" countries as a challenger to banks, with the token rumoured to be used for payments via messaging apps.
The BBC also reported that Facebook had been in talks with the U.S. Treasury and the Bank of England governor Mark Carney about its crypto plan. The next step, it said, is to confirm liquidity providers and exchange to store and trade the asset, with the firm reportedly in talks with Gemini and Coinbase.