Facebook plans June 18th cryptocurrency debut

It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics, according to a source who says multiple investors briefed on the project by Facebook were told that date. How Facebook’s cryptocurrency works

Here’s what we know about Facebook’s blockchain project:

Name: Facebook will likely use the Libra codename as the public facing name for its cryptocurrency, which The Information reports won’t be called GlobalCoin as the BBC had claimed. The head of Facebook’s Blockchain team David Marcus (left) speaks at TechCrunch Disrupt 2016

Usage: Facebook’s cryptocurrency will be transferrable with zero fees via Facebook products including Messenger and WhatsApp.

Source: techcrunch.com