Facebook reportedly launching new cryptocurrency in June

Facebook is expected to announce its digital currency at some point this month, as the social network company has found outside backers that will help strengthen the trust in its upcoming cryptocurrency, The Information reports.

The report mentions the digital token used by Facebook will work as a borderless currency without transaction fees. Apparently, Facebook employees who work on the project are given the option to be paid in the cryptocurrency token instead of real money.

The new cryptocurrency will be available through Facebook’s app, including WhatsApp and Messenger, and …

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