Facebook does not want to stop trying to enter new markets and technological areas, with the aim of being much more than a mere social network, as it was when it started. It is working on various initiatives, one of which to launch early next year is irs own cryptocurrency named “GlobalCoins”.





Facebook, which brings together over 2 billion profiles worldwide, wants its digital currency payment system “GlobalCoins” to serve users who also do not have a bank account. The company, which also owns WhatsApp and Instagram, seeks to break financial barriers, compete with banks and reduce consumer costs by implementing theor cryptocurrency to all their owned social media platforms.





Cryptocurrency can be used to pay for almost all things in real life, such as a hotel room, food or even a house. They are stored in online wallets and can be sent anonymously among users and this is what Facebook would want to do with their Globalcoins.

Read More at BusinessTimes...



