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Facebook Set to Launch Own Cryptocurrency Brand In 2020

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Social media giant Facebook is currently planning to launch its own form of cryptocurrency called “GlobalCoin,” by first quarter of 2020.

According to the report gathered from BBC, it is made known that a certain numbers of countries over the world has been listed for the first phase of the roll out.

This will enable citizens from the approved countries to use GlobalCoin to purchase digitally.

It was uncovered that GlobalCoin will be tested on blockchain by the end of the year 2019, also to avoid future financial irregularities Facebook has been in talks and agreement with US Treasury likewise Bank of England.

Not only the two above but also the Social media giant has also initiated discussions with Western Union(money transfer) on how to facilitate exchange of funds without glitch or need for having a bank account.

Doesn’t it looks like we wouldn’t be needing a bank account as a necessity? I think we are arriving that stage soonest.

It was recalled that in May 2019, there was skull session on this being set up by Facebook in Switzerland and it was made opened.

Libra Networks affirms Facebook is one of it’s stakeholders and is ready to provide financial assistance technology wise.

This means the blockchain development, data analytics, hardwares and software’s and other related services that would be needed to achieve excellent results will be provided.

It is evident that if this is up, Facebook Libra arm might be the next generation central hub for social networks crypto-currency.

Popularity shouldn’t be a barrier here, as Facebook has it in bulk integrated with all their services likewise gathering information from its subscribers and users.

Also just as crypto currency transactions can be traced via links confirmation on other crypto services, Facebook through block chain technologies will have more improved records on all transactions being made.

So trading or transactions on GlobalCoin can be traced back to all participants either the sender or receiver.

This new development might provide Facebook an avenue to even gain more revenue opportunity, hence targeting adverts by its users also to improve shopping and normal transaction.

Adopting this might be a little problematic as Facebook needs to make awareness for people to be familiar and adopt this process of payment.

Interestingly, Facebook has its plan already to tackle this issue before the final launch is being done.

Facebook is already in touch with brokers and banks to permit users the eligibility of converting fiat currency into GlobalCoin.

Likewise had agreement with some merchants who are willing to accept the coin with discount I’m transaction.

Though Facebook team hasn’t made most of this known to people officially so some information are being concealed.

As touching the issue of privacy and security, this is a very important thing to note as regulators are already asking Facebook about what plan it has to curb the issue of coin theft or account exploitations.

Facebook CEO Mark Zuckerberg earlier this month has received countless of questions seeking for explanations on Facebook plans relating to the privacy protection of users by the US senate and Banking committee.

So, what is your take on this, would you welcome this new development of Facebook with open arms?

Supremo DM, (Born Frank Osei Nyarko) Is A Ghanaian Website Designer and Blogger with a Flair of Singing And Song Writing. He Loves To Listen to Music All Day Since that's One of his Major Source Of Joy. Therefore, He decided To Set up This Music/Entertainment Website To Enable Him Share His Source Of Joy With The Entire World. Kind Of Him Right? Well, He can Only Reach His Prime Target If You Could Preach About "GhanaFlaver" That Fast Rising Music/Entertainment Blog Emerging From West Africa,Ghana To Be Precise... I Would Love To Hear From My Cherish Readers/Visitors... Being It Feedback, Suggestions or Business Proposal... Contact Supremo DM Via Any Of the Medium Below... Whatsapp: +233 545 880 700 Email: [email protected] Facebook: Supremo DM General Twitter/Instagram: @iamsupremodm Cheers?

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MP3: Ypee – The Box (Roddy Ricch Cover)

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Ypee

Ypee

Ghanaian versatile rapper and the PeeNation Records leader, Ypee serve up another another catchy freestyle titled “The Box” a cover of American rapper, Roddy’s Ricch trending song THE BOX

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Ypee
The Box (Roddy Ricch Cover)
YpeeThe Box (Roddy Ricch Cover)
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MP3: Ogidi Brown – Six Feet (Prod. by TubhaniMuzik)

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Ogidi Brown Six Feet

Ogidi Brown Six Feet

Ghanaian talented singer/rapper and OGB Music front artiste, Ogidi Brown is updating our playlist with this classic number titled “Six Feet” which was produced by TubhaniMuzik

Take a listen below

Ogidi Brown
Six Feet (Prod. by TubhaniMuzik)
Ogidi BrownSix Feet (Prod. by TubhaniMuzik)
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CHCEK OUT: Ogidi Brown – Forgive Us ft. Amerado (Prod. by Beatz Vampire)

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MP3: Squash – Strong Now ft. Sky Bad (Prod. by Sky Bad Musiq)

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Squash Strong Now Ft. Sky Bad

Squash Strong Now Ft. Sky Bad

Jamaican dancehall top-dog, Squash teams up with Jamaican toppest recording producer, Sky Bad on this midtempo song dubbed “Strong Now” Which was produced by Sky Bad Musiq

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RELATED: Squash – Let It Go

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MP3: Ephraim – You (Prod. by Ephraim)

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Img 0932

Img 0932

Ghanaian versatile singer and recording producer, Ephraim returns back with this impressive self-produced song he tagged “YOU” A great masterpiece recommended for you

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Ephraim
You (Prod. by Ephraim)
EphraimYou (Prod. by Ephraim)
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MP3: Jafrass – Well Precise (Prod. by Notnice Records)

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Jafrass Well Precise

Jafrass Well Precise

Dancehall sensation, Jafrass presents to us this incredible jam he called “Well Precise” which was produced Jamaican serial-hitmaker, Notnice Records

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Jafrass
Well Precise
JafrassWell Precise
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CHECK OUT: Jafrass – I’m Blessed (High Supremacy Riddim)

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MP3: Shawn Storm – Hustling Time (Prod. by Drop Top Records)

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Shawn Storm Hustling Time

Shawn Storm Hustling Time

Talented Jamaican dancehall artiste, Shawn Storm has released his awaited song dubbed “Hustling Time” Produced by Drop Top Records

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Shawn Storm
Hustling Time (Prod. by Drop Top Records)
Shawn StormHustling Time (Prod. by Drop Top Records)
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RELATED: Shawn Storm – Start It (Prod. by SkyBad Musiq)

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MP3: Jahvillani – Million Dollar (Prod. by YGF Records)

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Artworks 000554769450 7e0ckw T500x500

Adorable Jamaican singer, Jahvillani has dished out this brand new song named “Million Dollar” Produced by YGF Records

Download it below

Jahvillani
Million Dollar (Prod. by YGF Records)
JahvillaniMillion Dollar (Prod. by YGF Records)
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RELATED: Jahvillani – Send Every Gyal (Prod. 1Govament Productions)

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