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March 1, 2019 03:04 pm GMT

Facebook might launch a cryptocurrency in the first half of 2019

We know Facebook has been hiring cryptocurrency experts and building a blockchain team for a while, but the scope, aims, and timeline of the project are all unknown. 

A new report by the New York Times claims Facebook is planning to launch its own cryptocurrency as early as the first half of this year. 

SEE ALSO: Facebook’s Patreon clone hits creators where it hurts: their wallet

According to the report, Facebook has several blockchain-based projects in mind, but the one that's most likely to launch first is a type of stablecoin. These are cryptocurrencies tied to the value of traditional assets, such as fiat currency or gold; the NYT's sources claim Facebook is looking to launch a stablecoin whose value would be tied to a basket of currencies.  Read more...

More about Facebook, Blockchain, Cryptocurrency, Facebook Coin, and Tech

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/bW8o8sYgCRc/

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