The social media giant Facebook will be releasing its very own cryptocurrency this month.
According to the mainstream news media that revealed the news employees of Facebook are allowed to take part of their salary in the coin.
To quell concerns of centralization, Facebook plans to cede control of the cryptocurrency to outside parties in order to ensure that the digital asset will not be completely centralized.
Those who are interested to take part in the validation of transactions in Facebook’s native token will have to pay $10 million dollars.
The Stablecoin will be use in the payment app that will be integrated on WhatsApp, Messenger and Instagram and will also be accessible through physical ATM-like machines.
It has been reported that Facebook and United States Commodity Futures Trading Commission are taking about the upcoming Stablecoin.
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Headlines for the world of Cryptocurrencies - June 05, 2019
- Malaysia Now Approving Crypto Exchanges
- China Leads In Tether Trading
- Freedom Coin To Be Released By John McAfee
- Apple Adds Bitcoin In Its Icon Set
- Binance Decentralized Exchange Integrates With Trust Wallet
Headlines for the world of Cryptocurrencies - June 04, 2019
- Binance CEO Quells Concerns of Geoblocking Of Its Services Offering
- Binance Wants A British Pound Stablecoin
- Crypto Bull Run Correlates With Baidu User Search Trend
- Walmart Joins MediLedger Project
- SEC Representatives Surprises Blockchain Pundits With How Much They Know About Crypto
Headlines for the world of Cryptocurrencies - June 03, 2019
- Facebook Talking With CFTC
- Binance DEX To Geoblock Some Markets
- A Bar In Japan Will Soon Test Bitcoin’s Lightning Network For Payments
- 8 New Crypto Exchanges In Mexico
- BitMex Invest On A Philippine Central Bank Licensed Cryptocurrency Exchange
