Facebook will launch its cryptocurrency in 2020, but it will tested this year

There are new rumors on the cryptocurrency lauched by Facebook. The currency, maybe called GlobalCoin, should be tested by the end of the year in order to enter the marketplace in 2020. Szu Ping Chan (BBC) explains that the currency should be launched in about 12 countries. The firm is also in talks with money transfer firms including Western Union as it looks for cheaper and faster ways for people without a bank account to send and receive money. The goal is to break down financial barriers, reducing costs to revolutionize the entire payment industry.