Facebook Expected to Release Crypto Coin by the End of June By Cryptovest

© Reuters. Facebook Expected to Release Crypto Coin by the End of June

Facebook (NASDAQ:) may announce the launch of its digital coin by the end of June, reported The Information. The social media company, however, may choose to build an outside controlling entity for its crypto coin efforts, to match the requirements of regulators. Thus, the de facto leading media giant is making forays into the financial sector, at least indirectly.

The Facebook digital asset still has no official name. The company may attempt popularization through an ATM network. Additionally, the blockchain itself may be secured by third parties, for a steep fee as high as $10 million per participant.

This article appeared first on Cryptovest

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