GlobalCoin: Facebook to release its Cryptocurrency next week with support from Visa, PayPal, Uber and others

ByLinky Johnson 2019-06-14 390

According to the Wall Street Journal, Facebook has signed agreements with more than a dozen companies, including Visa, MasterCard, PayPal and Uber. The dozen companies will support GlobalCoin, the new cryptocurrency that Facebook will launch next week.

Each company will invest about $10 million in a consortium that manages encrypted currencies for Facebook.

These funds will be used to finance the creation of the digital currency, which will be linked to legal tender issued by the government.

Financial technology company Stripe, travel booking site Booking.com and Argentine e-commerce site MercadoLibre are all part of the project, although the report did not specify their roles, according to the Wall Street Journal.

In December, Facebook announced that it would launch the cryptocurrency GlobalCoin. The company said it was considering introducing cryptocurrency as early as the end of 2017. However, the company has been tight-lipped about GlobalCoin's specific plans. Facebook's crypto currency, GlobalCoin, is expected to be released on June 18.

 You may also want to read:
 Huami Amazfit Bip 2 released: equipped with Huangshan No. 1 chip and ECG monitor for 699 yuan
  Huawei P40 and P40 Pro are on the way
  Xiaomi Mi 9T: no Pro version in Europe?

 

Gearbest TRACKING FEES AND SHIPPING INSURANCE ON GEARBEST

 

Extensive Product Selection

● Over 300,000 products

● 20 different categories

● 15 local warehosues

● Multiple top brands

Convenient Payment

● Global payment options: Visa, MasterCard, American Express

● PayPal, Western Union and bank transfer are accepted

● Boleto Bancario via Ebanx (for Brazil)

Prompt Shipping

● Unregistered air mail

● Registered air mail

● Priority line

● Expedited shipping

Dedicated After-sales Service

● 45 day money back guarantee

● 365 day free repair warranty

● 7 day Dead on Arrival guarantee (DOA)

You might also like

HOT TOPICS

Related Products