Facebook Plans to Launch Cryptocurrency in First Half of 2019: NYT Report
Zack Seward's original article for www.coindesk.com reduced by 47%
Facebook is talking to exchanges about potentially listing a cryptocurrency. The Times reports that Signal and Telegram are also planning to roll out tokens over the next 12 months. Citing "Four people briefed on the negotiations," the Times reports that Facebook has told exchanges it expects to get a product out in the first half of 2019.
The Facebook project, which had previously been reported by Bloomberg as a stablecoin for its WhatsApp messaging service, would be the most high profile of the bunch. Facebook has beefed up its blockchain team in recent months, with a hiring push and at least one talent-minded acquisition. According to the Times report, more than 50 Facebook engineers are dedicated to the company's blockchain project.
Increasing the reach of the project, the story notes prior reporting that Facebook has plans to integrate users across its Messenger, WhatsApp and Instagram messaging services.
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Summarised crypto news.