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New details about Facebook’s cryptocurrency make it sound even worse

Thursday, June 6, 2019 by Piyush Suthar | Comments

Home News Tech New details about Facebook’s cryptocurrency make it sound even worse

Given its history of managing our data, it shouldn’t take much to convince you that Facebook managing our money is probably a terrible idea. That said, it seems the social media giant is actually aware of that particular challenge. Facebook plans to relinquish control of its upcoming cryptocurrency GlobalCoin to external companies, The Information reports. It will officially unveil its digital currency later this month. The social media giant has been courting financial institutions and other tech companies to form an independent foundation to govern the digital asset. Before you think this is going to create some kind of democratic…

This story continues at The Next Web

Or just read more coverage about: Facebook

Authored by Piyush Suthar
Pro Blogger


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