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Facebook plans to launch cryptocurrency Globalcoin by 2020

Facebook is planning to launch its own cryptocurrency, called “GlobalCoin” by next year. Facebook has been in talks with US Treasury officials and British financial regulators to launch it. It was reported earlier that Facebook has setup a company called Libra Networks in Switzerland to develop payments and Blockchain systems for them.

It will work with a new digital payments system by the first quarter of 2020 in about a dozen countries. (Source)

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