The social network could be launching its own Facebook cryptocurrency in 2020. As per a report in The Information via The Block, Facebook is aiming to launch the network with 100 nodes. Also, an independent foundation would manage the network behind the payments.
Moreover, the license per node would reportedly be USD 10 million to operate, which means that Facebook would be pocketing USD 1 billion. According to the report, Facebook has already contacted several tech companies and financial institutions to provide capital for the foundation and help manage the network.
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