Facebook fact checkers working at full steam ahead of EU elections More than 20 European fact-checking outlets are participating in Facebook’s initiative. Facebook is planning to launch its own form of cryptocurrency, “GlobalCoin,” by the first quarter of 2020. As reported by the BBC, roughly a dozen countries are on the books in the first phase of the rollout, in which users will be able to use the cryptocurrency as a form of digital payment. Featured Tech trade war: After Huawei, which Chinese firms are next on US enemies list? Microsoft to start pushing Windows 10 version 1903 automatic updates within weeks No, this AI can’t finish your sentence Best gifts for graduates under $50 on Amazon GlobalCoin will be tested on the firm’s blockchain by the end of the year, and in order to make sure Facebook’s plans are not scuppered by financial legalities or regulatory issues, the social network has been in talks with the Bank of England and US Treasury. The publication says that Facebook has also initiated discussions with money transfer services, including Western Union, to seek out ways to facilitate the exchange of funds without the need for a bank account. In May this year, news concerning a new financial services company set up by Facebook, located in Switzerland, became public. The firm, Libra Networks, counts Facebook Global Holdings as its stakeholder and has been set up to provide financial technology services, hardware and software development, data analytics, blockchain development, and the creation of other,… [Read full story]
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