Facebook plans to launch its cryptocurrency in 2020

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Share of Global Consumers Who Would Switch to a Big Tech Provider for Banking Services, by Segment

 Facebook is in the process of finalizing plans to launch its crypto in 2020, reports the BBC. The social media giant will roll out the digital currency in around a dozen countries by the first quarter of next year, with the company planning to begin testing for the crypto, internally dubbed GlobalCoin, by the end of this year, according to the outlet.

Here’s what it means: Facebook has tech and resources, but trust will be the currency that’ll really determine the success of its crypto project.

Continue reading… “Facebook plans to launch its cryptocurrency in 2020”

More than 1 in 4 Americans have deleted the Facebook app in the past year, according to a new survey

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Facebook has had a year full of controversies over misinformation and the way it provides access to user data.

A new study from Pew taken shortly after the Cambridge Analytica scandal found that 26% of Americans had deleted the Facebook app from their phone in the last year.

Continue reading… “More than 1 in 4 Americans have deleted the Facebook app in the past year, according to a new survey”

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