Facebook is going to launch a digital payment system
Facebook has finalized its own crypto-currency plan It will be launched next year. According to a BBC report, the world's largest social network has planned to launch this digital payment system in at least 12 countries in the first quarter of 2020. Although it will be launched from next year, the launch of crypto-currency will be launched on the eve of the end of this year. The digital payment system is being called 'Global-Coin' within the organization.
Crypto-currency is expected to be completed by the end of the day in order to complete their planned plan. That's why they have already discussed with Bank of England Governor Mark Kerner.
Last month, I met Facebook founder and CEO Mark Zuckerberg Karnyar. During this time, he discussed the advantages and risks of developing crypto-currency. Facebook also sought advice from US Treasury Department officials.
Facebook authorities are negotiating with various money transfer organizations, including Western Union, to make money easily without using any bank account using the digital payment system.