General Knowledge MCQs Quiz

The cryptocurrency, which is set to be launched by Facebook in 2020 is ______ ?

1) Bitcoin Cash
2) Bitcoin
3) GlobalCoin
4) Litecoin

Explanation:
Facebook plans to launch its own cryptocurrency “GlobalCoin” in 2020. The cryptocurrency will be available in around a dozen countries at launch where it’s expected to offer people affordable and secure payments without the need for a bank account. Some reports suggested that the currency could be designed to be a ‘stable coin’ with a value pegged to US currency in an attempt to minimize volatility.Before the launch of the new cryptocurrency, it needs to overcome numerous technical and regulatory hurdles.

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