Facebook’s cryptocurrency will be available at ATMs

Facebook’s cryptocurrency will be available at ATMs 1

Facebook is weeks away from launching its own , with reports suggesting it will be available within its suite of apps, as well as through ATM cash machines.

Rumours of the -style currency have been circulating since early last year, when Facebook created a new blockchain division within its company.

The network, which is used by more than two billion people around the world, is yet to officially reveal any details but various leaks have given an indication of what to expect.

Most recently, TechNews spoke with numerous investors briefed on the project, codenamed , about how the cryptocurrency will be rolled out across the technology giant’s social media and messaging apps, which include Instagram, Messenger and .

Users of the apps would even be able to buy the GlobalCoin cryptocurrency, as it is called, from physical locations like .

The cryptocurrency could do what bitcoin has failed to do in its 10-year history by achieving mainstream adoption. Facebook is rumoured to be in talks with various organisations and is expected to launch the cryptocurrency as early as next year.

Facebook declined to on any rumours surrounding the cryptocurrency, with a spokesperson telling The Independent that the company is simply “exploring ways to leverage the power of blockchain technology”.

Facebook’s cryptocurrency will be available at ATMs 2

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