Media: Facebook will officially announce the release of steylbcoin in the third quarter of 2019

The largest social network Facebook can announce the launch of its own cryptocurrency in the third quarter of this year, reports Bloomberg , citing sources familiar with the situation.

The first country where the new steyblecoin will be tested is supposed to be India. Here, ordinary payments are already being tested on the basis of WhatsApp Pay's Facebook service.

In addition, it is reported that to work on the project, the company attracts ex-employees of the payment giant PayPal. Note, the blockchain division of Facebook is headed by former PayPal president David Markus, who was also a member of the board of directors of the cryptocurrency company Coinbase.

At the moment, the team of this division consists of 50 people, but Facebook continues to actively search for blockchain specialists.

Recall, the company itself has not yet made any official statements regarding the development of steyblecoin. However, recently it became known that the initiative to create a coin on Facebook is called Project Libra, and a few days later the company acquired the Libra trademark.

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