{"id":308965,"date":"2019-06-06T08:55:40","date_gmt":"2019-06-06T06:55:40","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=308965"},"modified":"2019-06-06T08:56:21","modified_gmt":"2019-06-06T06:56:21","slug":"facebook-could-launch-its-cryptocurrency-this-month","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/308965-facebook-could-launch-its-cryptocurrency-this-month.html","title":{"rendered":"Facebook could launch its cryptocurrency this month"},"content":{"rendered":"<p>Facebook could launch its new cryptocurrency later in June, <a href=\"https:\/\/www.theinformation.com\/articles\/facebook-plans-outside-foundation-to-govern-cryptocurrency\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>The Information<\/strong><\/a> reports.<\/p>\n<p>Sources told The Information that Facebook has approached a number of financial institutions and tech companies to join a foundation which will contribute capital to the project and help to manage the digital currency.<\/p>\n<p>Facebook&#8217;s upcoming cryptocurrency is reportedly designed to facilitate cross-border transactions without any fees, and could be <a href=\"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/297890-facebook-developing-a-cryptocurrency-for-whatsapp-payments.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>integrated into the company&#8217;s WhatsApp messaging platform<\/strong><\/a>.<\/p>\n<p>The cryptocurrency will exist on a decentralised network of computers, ensuring there is a degree of separation between the coins and Facebook.<\/p>\n<p>Users will not be able to mine the cryptocurrency, and it will not function as an investment &#8211; rather acting as a genuine transactional digital currency.<\/p>\n<h3 class=\"my-4\">Now read: <a href=\"https:\/\/mybroadband.co.za\/news\/business\/308559-google-facebook-and-apple-shares-fall-due-to-antitrust-probes.html\" rel=\"bookmark\">Google, Facebook, and Apple shares fall due to antitrust probes<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Facebook could launch its new cryptocurrency later in June.<\/p>\n","protected":false},"author":341028,"featured_media":221973,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696],"tags":[191,161,2594],"class_list":["post-308965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency","tag-facebook","tag-whatsapp"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/308965"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341028"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=308965"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/308965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/221973"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=308965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=308965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=308965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}