Facebook’s pivot from advertising to a more privacy-focused community will feature among other things a blockchain based payments play.
Facebook really does think we are global family, after all.
Here comes GlobalCoin.
That’s the name of digital payments system that Facebook plans to deploy in “about a dozen counties by the first quarter of 2020,” according to a report Friday (May 24) from the BBC.
It’s truly going to be incredible. Testing will start this year, however it’s likely to first launch in a place like London, UK.
We urge you to read Michael’s article. He concludes it with a joke so funny and true that we rolled on the floor. Our own hope is that Facebook will clear the legal hurdles the industry has with millions and millions of Dollars, thus opening the space for us.