Facebook is planning to launch its own cryptocurrency, dubbed GlobalCoin, in early 2020, allowing users to make digital payments in a dozen countries.
GlobalCoin would enable Facebook’s 2.4 billion monthly users to change dollars and other international currencies into its digital coins, which could then be used to make payments or transfer money without needing a bank account.
The BBC reports that Mark Zuckerberg, the founder and chief executive of Facebook, last month met the governor of the Bank of England, Mark Carney, to discuss the plans.
Facebook’s founder and CEO Mark Zuckerberg . Zuckerberg has also discussed the proposal, dubbed Project Libra, with US Treasury officials and is in talks with money transfer firms, including Western Union, to develop cheap, safe ways for people to send and receive money.
A report last year said that Facebook is working on a cryptocurrency that will let users transfer money using WhatsApp, its encrypted mobile-messaging app.
In order to try to make the value of Facebook’s digital currency stable, the company is looking to peg its value to a basket of established currencies, including the US dollar, the euro and the Japanese yen.
Via BBC /The Guardian
Conflict, drought and shrinking aid will keep global hunger at critical levels in 2026, with food insecurity expected to worsen in some of the world's most fragile countries, according...
An internal Pentagon email outlines options for the United States to punish NATO allies it believes failed to support U.S. operations in the war with Iran, including suspending Spain fr...
Morning Briefing
€2.8bn rail project to reshape Malta’s transport network
Malta plans to build a 24-kilometre light rail line linking St Paul’s Bay to the airport as part of a wide...
Updated 1010
Parliament approves “living wills” law granting patients right to refuse future treatmentParliament has approved legislation introducing "living wills", giving citizens t...
The European Parliament is moving closer to finalising its position on the EU’s next long-term budget, setting the stage for a key institutional milestone in shaping the 2028–2034 Multia...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Greece will no longer be the euro zone's most indebted country by the end of this year, with its public debt set to fall below Italy's, according to sources and data from Italy's new b...
Gold prices fell on Friday and were on track for a weekly drop, as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates amid stalled U.S.-Iran peace talks...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Malta Public Transport announces that it will be operating two additional evening trips between Mġarr and Nadur in Gozo on Saturday 18 April 2026 to facilitate passenger travel following...
In line with its mission to drive a truly digital Malta, GO plc is making giga-speed internet the entry point for all business customers, with six months completely free for new Business...
Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data.
The oil prod...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
