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Facebook, other messaging apps set to debut cryptocurrency systems in the next year




In this photo illustration of the litecoin, ripple and ethereum cryptocurrency 'altcoins' sit arranged for a photograph beside a smartphone displaying the current price chart for ethereum on April 25, 2018 in London, England
In this photo illustration of the litecoin, ripple and ethereum cryptocurrency 'altcoins' sit arranged for a photograph beside a smartphone displaying the current price chart for ethereum on April 25, 2018 in London, England
Jack Taylor/Getty Images

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Facebook is getting into the cryptocurrency business.

The social media company is recruiting dozens of financial firms and online merchants to launch a cryptocurrency-based system, reported by the Wall Street Journal.

Facebook's secretive plans code-named Project Libra include a digital coin that Facebook users can send each other and make purchases on the platform.

Telegram and Signal are companies that are planning to roll out new cryptocurrencies over the next year.

Would you use a cryptocurrency service by Facebook? Do you currently use cryptocurrency elsewhere?

Call us at 866-893-5722 or leave a comment down below.

Guests:

Nathaniel Popper, New York Times reporter covering finance and technology from San Francisco

Richard Ma, co-founder and CEO of Quantstamp, a San Francisco-based cybersecurity company for blockchain

Eric Meltzer, partner at Primitive Ventures, a venture capitalist firm and early-stage investor in the cryptocurrency space