“GlobalCoin” would work with a new digital payments system in about a dozen countries, starting in the first quarter of 2020, the broadcaster said on its website. With more than two billion users across its platforms, which include WhatsApp and Instagram, Facebook could have the clout to take cryptocurrency mainstream and emulate the likes of WeChat in China, where the US site is banned. WeChat allows its users to chat, shop and play games without leaving its platform, generating more revenue by offering a one-stop portal. Facebook chief Mark Zuckerberg has said that adding e-commerce is the logical evolution of the company’s advertising-based business model. Facebook said it had disabled 2.19 billion fake accounts in the first quarter of this year, nearly double the number of the three months prior.

Source: The Guardian May 24, 2019 10:52 UTC