Facebook will reportedly launch cryptocurrency 'GlobalCoin' in 2020
Get the Full StoryJustin Sullivan Getty ImagesFacebook is reportedly developing a digital payments system that will be rolled out in several countries by the first quarter of 2020.
The BBC reported the company has been holding meetings with trading firms and officials before it hopes to start testing "GlobalCoin" by the end of 2019.
Multiple reports have tracked the company's meetings with banks, firms, and online merchants ahead of the announcement of the digital currency since it was first reported in December 2018.
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Facebook is developing a digital payments system that will be rolled out in several countries by the first quarter of 2020, according to the BBC.
The report said the company hopes to start testing "GlobalCoin" by the end of 2019 and more details are expected to be released this summer.See the rest of the story at Business InsiderNOW WATCH: Tesla has a mini Model S for kids that costs 600, and this family bought it to teach their child about driving electricSee Also:Share your opinion become a BI Insider!The 10 highest-grossing movies of all time, including 'Avengers: Endgame'Trump and Iran may be on the brink of a war that would likely be devastating to both sidesSEE ALSO: Traders are piling into bitcoin as a haven amid volatile markets. This researcher warns they could get burned.
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