Facebook may finally launch its cryptocurrency in June


San Francisco: Facebook may finally launch its long-rumoured cryptocurrency later in June.

The cryptocurrency, under Facebook`s “Project Libra”, is reportedly aimed at allowing Facebook`s global users to transfer money across borders and to make online purchases.

With its cryptocurrency, the social networking giant is planning to include bonuses for merchants that adopt it. Infact, employees in the project would even have the choice to be paid in the cyber currency, Engadget reported on Wednesday.

Later in May, Facebook started hiring for its cryptocurrency-based payments on its platform that has 2.38 billion users.


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