MENLO PARK, Calif.—Following months of rumors that Facebook is launching its own cryptocurrency, it appears the social network giant is going into its final stage of designing the coin, which is said to be launching at some point in 2020.
The plan is to create and set up an entire digital payment system and make it active and available in a dozen countries by the end of Q1 2020, Dapp Life reported.
The official name of the coin has not been confirmed, although GlobalCoin is the name many are using, and its testing is expected to start by the end of the year, Dapp Life said. More details regarding the plan are expected to arrive during the summer of 2019.
“However, some details have slipped through the cracks, such as the fact that Facebook has already spoken to Mark Carney, Bank of England’s governor. The discussion between Carney and Facebook founder, Mark Zuckerberg, took place last month. The two were reportedly assessing the risks and opportunities that ‘going crypto’ might bring,” Dapp Life said.