ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
Buy Crypto Now
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Anonymous Sources Reveal That Facebook May Introduce FB Coin In Q3, 2019

KryptoMoney Staff by KryptoMoney Staff
May 10, 2019
in News
0
Facebook | FB Coin | Stablecoin | Cryptocurrency
0
SHARES
56
VIEWS
Share on FacebookShare on Twitter

The very secretive cryptocurrency token by the social networking giant Facebook could go live as soon as Q3 2019, as reported by Bloomberg on May 8. In addition, Facebook is hiring PayPal staff ahead of the alleged launch.

For about a year or so, rumors have suggested Facebook has been romancing with blockchain and payments aimed at Asian markets. Fueling the rumor mill further,  anonymous sources told the publication that the social media giant could launch its own token as soon as Q3 2019.

The initial rumored were penned after the company began hiring a dedicated blockchain team last year, under the auspices of David Marcus, a former president of PayPal. Around 20% of the team’s 50 members currently hail from PayPal, a situation quite similar to the so-called “PayPal Mafia” executive group of the early 2000s.

Recognized as a pioneer in the then-nascent e-payments arena, the PayPal group included now famous entrepreneurs with a penchant for cryptocurrencies, such as Elon Musk, Reid Hoffman and Peter Thiel.

As reported earlier, the secretive cryptocurrency by Facebook will likely be a stablecoin dubbed FB Coin. As per sources last week, the company was in talks with Visa and MasterCard regarding the venture and investments totaling $1 billion. Moreover, a further source revealed that Facebook had acquired the “Libra” trademark for the token that will purportedly be pegged to the U.S. dollar and have a range of applications.

Facebook has declined to comment on the developments. In related news, Facebook has revised its policies over Cryptocurrency And Blockchain Related Materials, allowing Ads pertaining to blockchain tech, industry news, as well as events and educational materials for cryptocurrencies could now be displayed on Facebook without prior approval.

Read more:ECB President Mario Draghi Calls Cryptocurrencies Very Risky Assets

Image Source – Pixabay.com

Tags: Cryptocurrency NewsCryptocurrency TradingFacebookFacebook CoinLatest Cryptocurrency NewsLatest Cryptocurrency Updates
Previous Post

ECB President Mario Draghi Calls Cryptocurrencies Very Risky Assets

Next Post

Cryptocurrency Trading Firms Ponders Over Making The Ecosystem Safer

Next Post
Cryptocurrency | Trading | Stop Spam | Hacks

Cryptocurrency Trading Firms Ponders Over Making The Ecosystem Safer

Recent Stories

ETH Price Analysis: Upside Run Resumes As ETH/USD Fixate on $2K, Bolstered By On-Chain Metrics

ETH Price Analysis: Upside Run Resumes As ETH/USD Fixate on $2K, Bolstered By On-Chain Metrics

March 4, 2021
Venture Capital Investor Tim Draper Says Netflix May Be Next Fortune 100 Company To Purchase Bitcoin

Venture Capital Investor Tim Draper Says Netflix May Be Next Fortune 100 Company To Purchase Bitcoin

March 3, 2021
BlackRock

Citigroup Says Bitcoin Could Be At The Verge Of a “Massive Transformation Of Cryptocurrency Into The Mainstream.”

March 3, 2021
Bitcoin Retests $52K, On-Chain Data Indicates Long Term BTC Holders Were Not Fazed by the Recent Correction

Bitcoin Retests $52K, On-Chain Data Indicates Long Term BTC Holders Were Not Fazed by the Recent Correction

March 3, 2021
BTC Price Analysis: Buyers Weigh Up BTC/USD Price Beyond $52,000 As Stimulus Bill Sparks USD Bears

BTC Price Analysis: Buyers Weigh Up BTC/USD Price Beyond $52,000 As Stimulus Bill Sparks USD Bears

March 3, 2021
XRP

Ripple XRP: New Player in Crypto – Perks and Uses

March 3, 2021
Betting

Safer Betting with Ethereum

March 3, 2021
OPOLO Hardware Wallet – Review

OPOLO Hardware Wallet – Review

March 3, 2021
LINK Price Analysis: LINK/USD Price Upticks to $30.50, Crypto Lender BlockFi To Support Chainlink Deposits

LINK Price Analysis: LINK/USD Price Upticks to $30.50, Crypto Lender BlockFi To Support Chainlink Deposits

March 2, 2021
BTC

Citi Bank Says Bitcoin May Become The Currency For Global Trade

March 1, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.