Facebook plans to launch 'GlobalCoin' currency in 2020

Finally, Facebook decided to launch its digital currency by 2020

 And plans to establish a digital payment system in countries by the year.

The social networking giant wants to start testing its encrypted currency, which was internally referred to as GlobalCoin, by the end of this year.

It is likely that the plans will be further elaborated this summer, and has already been spoken to Bank of England Governor Mark Carney.

Mark Zuckerberg met Mr. Carney to discuss the opportunities and risks involved in releasing the encryption currency.
Facebook also sought advice on operational and regulatory issues from US Treasury officials.

The company is also in talks with money-transfer companies, including Western Union, where they are looking for cheaper and faster ways for people who do not have a bank account to send and receive money.
As a result, Facebook has penetrated the area of cryptocurrency strongly