Facebook is reportedly collaborating with third-party organizations to act as “nodes” and maintain their GlobalCoin cryptocurrency network through proper licensing procedures.
As Facebook accelerates its plans to launch its own cryptocurrency, the latest report from The Information states that the social media giant could likely launch its GlobalCoin digital currency by the end of June 2019.
Over the last few months, Facebook has been constructing its plans to introduce its crypto tokens. In this attempt, the company is talking with several online retailers, merchants, and even exchanges. The latest report shows that Facebook boss Mark Zuckerberg recently had a word with Gemini crypto exchange owners – The Winklevoss twins – to list the GlobalCoin.
Besides, the CFTC chairman also acknowledged that the social media behemoth is discussing the regulatory viabilities of its crypto token.
It looks like Zuckerberg is potentially seeing a huge opportunity lying ahead in the global payments market and doesn’t want to miss out on it. Facebook CEO Mark Zuckerberg also spoke about the opportunities in the payments market during the Facebook developer conference earlier this year.