It's official: Facebook is getting into crypto.
The tech giant reportedly plans to test its cryptocurrency “GlobalCoins” by the end of this year. The move comes as part of Facebook's larger plan to launch a digital payments system by 2020.
The big goal: It seems like Facebook is looking to create a system that *successfully* combines sending messages with sending money. As the owner of WhatsApp, Instagram and Messenger, Facebook's cryptocurrency is poised to do just that.
GlobalCoins' status: Mark Zuckerberg has already met with Bank of England governor Mark Carney to discuss the cryptocurrency, and U.S. lawmakers have sent Zuck a letter of regulatory questions regarding the token. Facebook is expected to outline more plans about GlobalCoins later this summer.
In the meantime, check out these recent crypto products that caught our attention:
Fundabit.co is like Patreon, but built on Ethereum 🙌
Honeyminer Mac is a superrr simple mining application 👏
Lolli lets you earn free bitcoin when you stop online 🛍
Cheeze Wizards is a crypto-native game by the CryptoKitties team 🧀
CoinsCrate is a lightning fast crypto market data provider ⚡️
Birdchain pays you in crypto for watching ads 💸
CoinBits automates bitcoin investing 🤑