Facebook to Launch its Cryptocurrency by the End of June?

Facebook is most likely launching its cryptocurrency by the end of June, and in a big way.


Facebook is most likely launching its cryptocurrency by the end of June, and in a big way. According to a report on The Information, the social networking giant is planning bonuses to merchants accepting its crypto for payments.

In addition, Facebook is considering installing physical kiosks similar to ATM machines where users can exchange real currency for its cryptocurrency. Employees working on this project within Facebook can even choose to get their salaries paid with this digital currency.

The cryptocurrency can also be used to send and receive payment through other apps like WhatsApp and Facebook Messenger. If this crypto takes off, it would offer Facebook an interesting revenue generation model beyond ads, which have come under fire by privacy advocates in recent times.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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