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<p><strong>Facebook GlobalCoin</strong>:- Facebook is planning for its own cryptocurrency. Which is called <strong>Facebook GlobalCoin</strong>. In <a href="https://finance.yahoo.com/news/facebook-globalcoin-cryptocurrency-success-or-flop-experts-060000320.html">Yahoo news, </a>it is said that Tech industry insiders and cryptocurrency entrepreneurs are divided on the prospects of Facebook’s (FB) much-anticipated new <strong>“GlobalCoin.” </strong></p>
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<figure class="wp-block-image"><img src="https://www.gadgetgyani.com/wp-content/uploads/2019/06/facebook-cryptocurrency-globalcoin-bitcoin.jpg" alt="facebook globalcoin, how to buy facebook globalcoin, facebook globalcoins" class="wp-image-16248"/></figure>
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<p>Some think it will be a game-changer inthe <strong>world of cryptocurrency</strong>. Others predict another failed attempt to make cryptocurrency workable in the real world. </p>
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<p>according to reporting by&nbsp;<a href="https://www.bbc.co.uk/news/business-48383460?intlink_from_url=&amp;link_location=live-reporting-story" rel="noreferrer noopener" target="_blank">the BBC</a>,&nbsp;<a href="https://www.wsj.com/articles/facebook-building-cryptocurrency-based-payments-system-11556837547" rel="noreferrer noopener" target="_blank">the Wall Street Journal</a>,&nbsp;<a href="https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560" rel="noreferrer noopener" target="_blank">the Financial Times</a>, and&nbsp;<a href="https://www.bloomberg.com/news/articles/2018-12-21/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers" rel="noreferrer noopener" target="_blank">Bloomberg</a>. The company has&nbsp;<a href="https://www.theblockcrypto.com/2019/03/12/mapping-out-the-team-behind-facebooks-blockchain-efforts/" rel="noreferrer noopener" target="_blank">over 60 employees working on the secretive project internally.</a></p>
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<blockquote style="text-align:center" class="wp-block-quote is-style-large"><p>“They have almost like a SWAT team that’s very talented,” Tim Byun, the CEO of Silicon Valley-based OKCoin, told Yahoo Finance UK. “They’re serious about it.”</p></blockquote>
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<p>The social media giant has not commented on the reports but there is speculation that the <strong>new currency</strong> could be used to reward users for watching ads on its platform and spent at major retailers, not just on Facebook. It will be reportedly be pegged to the dollar.</p>
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<p>“That’s super exciting,” Antoni Trenchev, the co-founder and managing director of crypto lending business Nexo, told Yahoo when asked about the project. “Talking about adoption, who better than Facebook?”</p>
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<h3><strong>How does Facebook's Globalcoin going to change the internet </strong></h3>
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<p>There is a number of cryptocurrency enthusiasts and lover who think Facebook’s globalcoin industry could prove a point.<strong> Cryptocurrencies </strong>first emerged with the creation of <a href="https://www.gadgetgyani.com/bitcoin-blockchain/">bitcoin</a> in 2009 but have struggled to find mainstream users.</p>
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<p>With 2.3 billion monthly users, Facebook could change the idea of the payment receiving and sending. If even a small number of its users adopt the new <strong>Facebook GlobalCoin</strong> it could radically increase the number of people interacting with <strong>cryptocurrencies</strong>.</p>
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<p><a href="https://www.gadgetgyani.com/facebook-dating-app/">How to use Facebook Dating app </a></p>
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<p>“Anything that gets people thinking in terms of financial units that are not just dollars or not just at a bank opens people’s minds to new things,” Erik Voorhees, the cofounder of crypto exchange Shapeshift, said.</p>
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<p>Reports about <strong>Facebook’s crypto </strong>ambitions coincided with a small revival in prices and the official launch of<strong> ‘GlobalCoin’</strong> could provide another boost.</p>
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<p>“Everyone of those headlines helps because it just spurs more interest in the space,” Steve Quirk, the vice president of trading at US stockbroker TD Ameritrade, told Yahoo Finance UK.</p>
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<h3><strong>Facebook GlobalCoin Releasing Date</strong> </h3>
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<p> Facebook plans to launch its own cryptocurrency that is called “<strong>Facebook GlobalCoin Cryptocurrency</strong>” Next Year. That is 2020 and in its initial stage it will be available for only a few countries and they further add more countries to the list if it's gonna work like facebook thinking it works.</p>
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<h3><strong>How To Buy Facebook GlobalCoin Cryptocurrency  </strong></h3>
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<p>There can be several ways of buying<strong> facebook globalcoin</strong> or earn it. There are some reports that said facebook give some rewards as a <strong>globalcoin</strong> if you watch ads and videos on Facebook. </p>
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<h3><strong>5 Interesting Things You Should Know About Facebook Cryptocurrency</strong></h3>
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<p> 1) in <strong>Facebook’s GlobalCoin</strong> consumers would likely be able to use the currency even if they don’t have a bank account, according to reports.</p>
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<p>2) The currency would enable Facebook users to change dollars and other international currencies into its <strong>Globalcoins</strong>.</p>
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<p>3) The GlobalCoin could then be used to buy things on the Internet and in other outlets, or even to transfer money to another user.</p>
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<p>4) The possibility of money being sent through Whatsapp may become a reality soon with <strong>Facebook’s GlobalCoin</strong>. A news report last year had said that Facebook is working on a digital currency project that will allow users to transfer the cryptocurrency using <strong>mobile-messaging app WhatsApp</strong>. </p>
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<p>Even during Facebook’s developer conference last month, Mark Zuckerberg had said: “I believe it should be as easy to send money to someone as it is to send a photo.”</p>
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<p>5) Facebook also has plans at paying users fractions of a coin for activities such as viewing ads, video and interacting with content related to online shopping, different types of schemes run by retailers.</p>
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<p>6) Facebook is also reportedly in talks with MasterCard and Visa for accepting the currency as payment in return for lower transaction fees.</p>
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<p>7) Reports say Facebook is looking to peg <strong>GlobalCoin’s value</strong> to a basket of established currencies, including the US dollar, the euro, and the Japanese yen, to stabilize the value of the digital currency.</p>
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<p>8) Facebook is looking for $1 billion in funding to support the project, and has held talks with payments giants including Visa and Mastercard, according to reports.</p>
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<p>9) Facebook has reportedly discussed with the US Treasury the process of identity checks and how to reduce money laundering risks.</p>
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<p>10) A Barclays Internet analyst had said in March that the cryptocurrency could contribute as much as a whopping $19 billion in additional <strong>revenue to Facebook</strong> by 2021. </p>
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<p>Sources:- <a href="https://www.news18.com/news/world/facebook-to-launch-cryptocurrency-globalcoin-10-interesting-things-you-should-know-about-it-2161121.html">News18</a></p>
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