According to the Financial Times, the leadership of the popular American social network Facebook, led by Mark Zuckerberg, is negotiating with the Coinbase and Gemini cryptocurrency exchanges for the possibility of listing their own media platform token. Such a step, according to FT, is necessary to provide future users with, first and foremost, the possibility of accumulating and storing the asset, as well as optimal exchange for other digital currencies or Fiat.
Reliable sources of the publication also reported that Facebook's cryptocurrency will not be just a trivial change within the social network for making purchases and transfers - the token will become a liquid tool provided by the US dollar and traded on many well-known exchanges. Now everything is being done to bring this digital currency into the light and ensure its liquidity - the platform management is in talks with the famous high-frequency trading sites in Chicago Jump and DRW.
An interesting fact is that the Winklevoss brothers are Zuckerberg's “sworn enemies”. Being fellow students at Harvard University, Tyler and Cameron accused Mark of stealing the idea of creating a social network (in 2009, Facebook even paid $65 million in compensation in this regard). However, at the moment Gemini is Zuckerberg’s most valuable partner, because This exchange is the first platform that has received permission from the US government to launch a steambcoin secured by the US dollar (Gemini dollar).
In addition, today it also became known that by the end of 2019, the social network expects to begin testing its cryptocurrency within the company GlobalCoin.
Recall earlier it became known about the registration of FINTECH company Libra in Switzerland, which tentatively will become the parent legal entity for blockchain-referral Facebook.
On the other hand, if Bitcoin can break through above $8350, the next level of resistance that he will have to contend with will be around $9,600.
Facebook is negotiating with Coinbase and Gemini for listing its cryptocurrency
By ffetuo | CryptoBoom | 26 May 2019
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