[ Back ]

Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary

Jun 5, 2019😃Bullish

Facebook will announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information.

The report adds that Facebook is also planning physical ATM-like machines where users can buy the currency.

The report says Facebook is soliciting third-party organizations to act as "nodes" to help manage the cryptocurrency, and has discussed charging $10 million for the privilege.

Cryptocurrency nodes contain the computing power necessary to resolve complicated mathematical equations, which are used to validate transactions.

[ Original article ][ Discuss on twitter ]