Facebook Launching Cryptocurrency This Year According to NY Times | Cryptocurrency News

Facebook, Telegram and Signal, are planning to roll out new cryptocurrencies over the next year that are meant to allow users to send money to contacts on their messaging systems, like a Venmo or PayPal that can move across international borders.

The Facebook project is far enough along that the social networking giant has held conversations with cryptocurrency exchanges about selling the Facebook coin to consumers, said four people briefed on the negotiations.

Facebook has been coy about what it is building. The team is in an office with separate key-card access so other Facebook employees cannot get in, according to two Facebook employees.

Facebook is looking at pegging the value of its coin to a basket of different foreign currencies, rather than just the dollar, three people briefed on the plans said. Facebook could guarantee the value of the coin by backing every coin with a set number of dollars, euros and other national currencies held in Facebook bank accounts.

That integration, which could take more than a year, would extend the reach of Facebook’s digital currency across the 2.7 billion people who use one of the three apps each month.

https://www.nytimes.com/2019/02/28/technology/cryptocurrency-facebook-telegram.html

#Facebook #Cryptocurrency #NYTimes

https://www.youtube.com/channel/UCT5IB8qqnIolnkuUj8a1kEQ/join

Ian Balina is an influential Blockchain and Cryptocurrency Investor, Advisor, and Evangelist. He has appeared in The Wall Street Journal, Forbes, CNBC, Huffington Post, The Street, INC and Entrepreneur Magazine for his work in analytics, cryptocurrencies, and entrepreneurship.

A former Analytics Evangelist at IBM, Ian has brought a data-driven, “money-ball” approach to investing in cryptocurrency token sales (ICOs), called “Token Metrics”.

Ian is a founder and General Partner at 100X Advisors and currently advises MetaHash, Phantasma Protocol, Nucleus Vision, and Pareto Networks. In addition to being the first Global Titan Ambassador for KuCoin Cryptocurrency exchange.

Disclosures: https://ianbalina.com/pages/transparency

Join My Telegram Mastermind: http://ianbalina.com/mastermind

Website: https://ianbalina.com

Store: https://ianbalina.com/store

100X Advisors: http://100xadvisors.com/

Instagram: https://www.instagram.com/diaryofamademan/

Twitter: https://twitter.com/diaryofamademan

Snapchat: https://www.snapchat.com/add/diaryofamademan

Steemit: http://steemit.com/@ianbalina

#Blockchain #Cryptocurrency #Bitcoin

Diary of a Made Man Limited is not providing individually tailored investment advice and is not taking subscribers personal circumstances into consideration when discussing investments in ICOS.

Diary of a Made Man Limited is not registered to provide investment advice and are simply providing an opinion, giving their particular experience, when discussing ICOS.

Information contained herein is not an offer or solicitation to buy, hold, or sell any security. Diary of a Made Man Limited is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm. Diary of a Made Man Limited does not engage in activities that would require such registration.

Diary of a Made Man Limited and/or any companies affiliated with Diary of a Made Man Limited, are not responsible for any gains or losses that result from the opinions expressed herein. Diary of a Made Man Limited makes no representation as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. For the full disclaimer, disclosure, privacy policy, and terms of service for use of the services, please visit the website links at the bottom of the page:

The ICOS discussed herein have not been reviewed by the securities and exchange commission or any state securities regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of the ICO offering documents. Any representation to the contrary is a criminal offense.

The ICOS identified herein may constitute securities pursuant to federal and state securities laws and may not be appropriate for, or offered to, investors residing in the united states. In making an investment decision, investors must rely on their own examination of the person or entity issuing the ICO and the terms of the offering, including the merits and risks involved.

Investment in ICOS involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors in ICOS should consult their financial adviser before investing in ICOS. The securities and exchange commission has warned investors residing in the united states that ICOS may constitute securities, and by investing in ICOS, investors may be purchasing unregistered securities offerings. Us investors who invest in may be unable to recover any losses sustained in the event of fraud or theft.

Facebook Launching Cryptocurrency This Year According to NY Times | Cryptocurrency News

Related Post:

About The Author

Kane Dane