Site   Web

FEATURED ARTICLE — August 23rd, 2019

Facebook is Launching a Cryptocurrency In 2020: Here’s What You Need to Know

According to Coinmarketcap, the global volume of all cryptocurrency trading hit a 300-day high in February 2019. At 33.85 billion, it was the highest volume recorded in the preceding 10 months. This means trading activity in the cryptocurrency industry is increasing significantly worldwide.

Cryptocurrency trading volume as of February 2019, Source:

As blockchain shows no sign of slowing down globally, with it’s widespread reach even entering the mobile phone industry, many new players are set to join the crypto hierarchy. 

Facebook could be one of the most solid players on the list. 

Social media giant Facebook is planning to roll out its own cryptocurrency, “GlobalCoin”, in 2020. The currency would enable the approximately 2.4 billion monthly Facebook users to change international currencies into its digital coins. Users would be able to use GlobalCoin for online as well as brick-and-mortar store purchases. It’ll also enable users transfer money without the requirement of a bank account. 

Facebook plans to start testing its cryptocurrency by the end of this year. This April, Facebook founder Mark Zuckerberg discussed his plan with Bank of England governor Mark Carney. Discussions focused on the opportunities and risks involved with the new cryptocurrency. 

How would Facebook’s crypto-currency work?

Facebook’s primary goal, where GlobalCoin is concerned, is to provide users with a digital currency that allows them to make payments in affordable and secure ways, regardless of their bank accounts. The company, which also owns Instagram and WhatsApp, has a far-reaching grasp of the social media market. This means the ability to reach everyday users and perhaps lure them into the cryptocurrency... Read More

Recent Articles

What Is a Certificate of Good Standing, and Why Does It Matter?

As a business owner, you may have heard other entrepreneurs discussing something called a Certificate of Good Standing. But maybe you’re unsure what this actually is and why it matters. Very simply, a Certificate of Good Standing is not necessarily… Read More


Defining Onshore, Nearshore & Offshore Software Development

Software development today is one of the highest-paid and sought-after positions. LinkedIn, for instance, lists software development related to its top two most desired positions. Companies… Read More


5 Mistakes Most Students Make But You’ll Avoid in the Simplest Way

Student life is full of various challenges – from making ends meet to the preparation for exams and writing a Masters or PhD dissertation. You may have already developed your own routines… Read More


Understanding the Different Types of Intranet

An intranet is a private network that is contained within an enterprise, and used for the secure sharing of company information and computing resources among employees. In essence, an… Read More

How to Keep Your Business Running After an Unexpected Crisis

Many small business owners spend their time and energy tackling the day-to-day challenges and opportunities that keep their business running. Immediate needs like selling a product, providing a service, keeping customers and employees happy, or managing… Read More


Up and Coming Search Engines in 2020

With tech giant Google leading the pack in the world of search engines, it’s hard to imagine any other search engine beating it. However, there are a few that have a lot of potential.… Read More

10 Channels to Target B2C Audiences on Social Media

Social media has not only been an avenue to communicate with family and friends across distances, but with the increasing number of social media users around the globe, it has also become an ideal place for marketers, entrepreneurs, and business owners… Read More

8 Useful SEO Title Tag Hacks for Increased Rankings + Traffic

While SEO is a crucial concept to site owners as well as marketers, others still overlook it. Besides, others fear to discuss it, claiming it is a complex topic to handle. When it comes to ranking and getting clicks to websites, marketers meticulously… Read More


Caricature, an Excellent Blend of Art and Technology

It cannot be denied that almost everyone loves art. Art is an excellent form of expression of beauty, feelings, and experience. In connection to this, art can be the best blend of technology… Read More

Recent Infographics