According to reports from German magazine WirtschaftsWoche, Facebook’s head of financial services and payment partnerships for northern Europe, Laura McCracken, accidentally let slip key details of Facebook’s cryptocurrency which is yet to be launched.
McCracken, talking to a reporter at Money20/20 Europe earlier this week, revealed the whitepaper of Facebook’s much-discussed cryptocurrency will be published on June 18th. The cryptocurrency itself, she went on to detail, will be pegged to a basket of currencies rather than a single one like the U.S. dollar.
According to TechCrunch, it had received a request for a June 18th news embargo from a communication manager for Facebook’s hundred-plus strong blockchain team.
Facebook’s cryptocurrency which is reportedly tagged “Globalcoin” is already waxing strong and breaking many boundaries prior to launch.