The launch of a cryptocurrency by Facebook can happen already this month. At the same time employees of the company will be able to receive a salary in new coins, according to The Information.
According to the publication, Facebook also plans to launch “physical portals”, through which users will be able to acquire a new stablecoin called GlobalCoin.
It is assumed that a specialized structure has been created to manage GlobalCoin. It is currently negotiating with various financial institutions and technology companies whose developers want to tap resources.
The publication also claims that the company involves third-party organizations to perform the function of the nodes in its network. However, for the opportunity to become a member of the network, they will presumably have to put out of pocket up to $ 10 million. Successful candidates will be able to appoint one representative each in the project unit.
The decentralized GlobalCoin network at the launch stage is expected to consist of 100 nodes, which will allow Facebook to attract at least $ 1 billion to develop the project.
Earlier in June, it was reported that Facebook had held talks with the US Commodity Futures Trading Commission (CFTC). GlobalCoin was the topic of discussion, and as stated, the CFTC was going to find out if the coin falls under its regulation.