On Saturday May 25th, 2019 the Daily Mail’s Matt Oliver wrote on how Facebook maybe moving into the banking scene by offering digital currency. It would appear that the Bank of England’s governor Mark Carney had a meeting to discuss the possibility of Facebook launching a new digital coin ‘Globalcoin’, a digital payments system that would allow people to send money to each other without a bank account.
Banking – The digital Age is Upon Us, whilst we might benefit from more players in this market, it is also obviously worrying that Facebook has seen another large market to exploit and with its 2bn daily users it would appear to have the clout to do so – however, we must also be aware of Facebook’s history in not securing peoples data, and I for one will be looking to see what assurances are put in place to not only protect our data but to protect our money!
- Digital Currency – Wikipedia
- Digital Currencies – Bank of England
- What is Cryptocurrency? [Everything You Must Need To Know!]
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