Facebook May Unveil Its Global Coin Already in June

Facebook may unveil its cryptocurrency (codenamed Libra) later this month. Node operators will reportedly have to pay $10 million to join the network.

With this the cryptocurrency, users will be able to transmit funds via the Facebook Messenger and WhatsApp.

According to Reuters, Facebook has registered a company in Switzerland called Libra Networks to operate as the centre for its crypto payments, while Facebook has hired blockchain executives from Paypal, LinkedIn and Israeli engineering teams, CNBC reports.