Facebook is finalising plans to launch its own crypto-currency next year.
It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020
https://www.bbc.com/news/business-48383460Sounds old, but this might be true this time.
NO, because they are too late to the game. Its going to flop. They should have adopted an existing coin, preferably the best: Bitcoin.
The amount of diverse "digital payment systems" is getting out of hand, and people aren't going to bother even with Facebook behind.
Facebook is not as strong as they think. I could cite Bitmain, by getting involved with an altcoin, was almost run into bankruptcy. And this is a company WITH crypto experience, unlike Facebook.
Of course it should be mentioned that this is probably getting whatsapp/instagram involved as well, as all three are owned by the same company. But that isn't going to cut it.
They call them "Global" but being Facebook its already tied to US laws, that immediately negates its name. Bitcoin IS global, this never will.