{"id":21540,"date":"2019-07-07T05:00:50","date_gmt":"2019-07-07T05:00:50","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=21540"},"modified":"2019-07-05T19:05:22","modified_gmt":"2019-07-05T19:05:22","slug":"crypto-facebook","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/crypto-facebook\/","title":{"rendered":"<Crypto facebook>"},"content":{"rendered":"<p>Facebook is in the process of finalizing plans to launch its crypto in 2020,\u00a0reports\u00a0the BBC.<\/p>\n<p><!--more--><\/p>\n<p>The social media giant will roll out the digital currency in around a dozen countries by the first quarter of next year, with the company planning to begin testing for the crypto, internally dubbed GlobalCoin, by the end of this year, according to the outlet.<\/p>\n<p>Facebook&#8217;s considerable resources have enabled it to make significant headway on its crypto project already. Business Insider <a href=\"https:\/\/e.businessinsider.com\/click\/16997836.2\/aHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNvbS9mYWNlYm9vay1saWJyYS1uZXR3b3Jrcy1maW50ZWNoLWNvbXBhbnktc3dpdHplcmxhbmQtMjAxOS01P3I9VVMmSVI9VA\/5adde55340f86675182a51c9B73c3959a\" target=\"_blank\" rel=\"noopener\">reported<\/a>\u00a0last week that it registered a new fintech company, dubbed Libra Networks, in Switzerland as part of its efforts to move into financial services and crypto.<\/p>\n<p>The company has also sought advice from regulators in the US and the UK, with Mark Zuckerberg having already spoken to the head of the UK&#8217;s central bank about the opportunities and risks involved in launching a crypto, according to the BBC. Facebook has also reportedly held talks with a number of financial services firms, including two crypto exchanges, in an effort to provide users of its own crypto with access to safe storage and enable them to convert the digital currency into other cryptos or fiat currencies,\u00a0per\u00a0the Financial Times.<\/p>\n<p>But its recent privacy woes will be a major roadblock it needs to overcome. Across the past 18 months, Facebook has been embroiled in a number of scandals that have provoked the ire of its user base and regulators alike. Last year, for instance, the company became the center of a major\u00a0scandal\u00a0when it was revealed that 87 million users&#8217; data had been illegally obtained by research firm Cambridge Analytica.<\/p>\n<p>Since then, the firm&#8217;s had to contend with a\u00a0steady stream\u00a0of similar data privacy issues and breaches. If Facebook is to make a success of its crypto and convince enough of its current user base to use it, the company needs to act fast to build trust and change the\u00a0negative perceptions around it.<\/p>\n<p><strong><a href=\"https:\/\/www.businessinsider.com\/facebook-launching-crypto-in-2020-2019-5?IR=T&amp;utm_medium=email&amp;utm_term=BII_Daily&amp;utm_source=Triggermail&amp;utm_campaign=BI%20Intelligence%20Daily%202019.5.28\" target=\"_blank\" rel=\"noopener\">Click here for the full Business Insider story<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook is in the process of finalizing plans to launch  [&#8230;]<\/p>\n","protected":false},"author":8,"featured_media":21541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,1385,2138,353,389],"class_list":["post-21540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-northam","tag-crypto","tag-cryptocurrency","tag-facebook"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=21540"}],"version-history":[{"count":2,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21540\/revisions"}],"predecessor-version":[{"id":21543,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21540\/revisions\/21543"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/21541"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=21540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=21540"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=21540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}