Facebook Coin: To Be Announced in Late JuneRumors have surfaced for months now about Facebook's new digital asset; however, nothing was ever truly confirmed. What is known is this:
- Almost one year ago, Facebook hired former PayPal executive David Marcus to explore blockchain opportunities—blockchain is, of course, the necessary technology to develop a cryptocurrency.
- From there, several outlets reported that the social media giant was secretly building its own digital currency for use on its Facebook Apps—Messenger and WhatsApp.
- Further, rumors suggested that the company was even building its own ATMs where users could buy this cryptocurrency.