FT Report: Facebook Talks With Cryptocurrency Exchanges For Its Globalcoin Launch


The publishing cited two people familiar with Facebook’s “Globalcoin” project stating that the firm has discussed the initiative Coinbase, a major crypto exchange, and wallet.  Further, the article notes that Facebook also spoke with the Winklevoss twins’ Gemini Exchange, notable rivals of  Facebook CEO Mark Zuckerberg.

FT’s request for comments has been declined by all aforementioned parties, reporting that the firms have signed a non-disclosure agreement.

FT further states that industry experts believe that Facebook may face an obstacle with regulations. In May, Facebook registered a new financial tech firm, Libra Networks LLC, in Geneva, which notably plans to offer services in finance and emerging technologies including payments, financing, identity management, data analysis, big data, blockchain and others.

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