Welcome to this video about Facebook’s GlobalCoin (GLC).
Facebook’s GlobalCoin is a digital currency that is being developed for use on the social media platform. It is expected to be launched in 2020 and will be used for peer-to-peer payments, online shopping, and more.
GlobalCoin will be a stablecoin, meaning it will be pegged to a basket of fiat currencies such as the US dollar, the Euro, the British pound, and the Japanese yen. This will ensure that the value of the currency does not fluctuate wildly and remain stable.
The currency will be built on top of a blockchain platform, allowing for secure and transparent transactions. It will also be integrated with Facebook’s existing payment options, such as its Messenger and WhatsApp services.
Facebook is currently working with several banks and financial institutions to ensure that its GlobalCoin will be compliant with existing regulations. It is also in talks with online merchants and payment services to ensure that GlobalCoin can be used in their services.
Facebook’s GlobalCoin is an exciting development in the world of digital currencies and could potentially revolutionize the way we use money online. It remains to be seen how successful it will be, but it is certainly an interesting development to keep an eye on.
