Facebook likely to announce own cryptocurrency in Q3 of 2019

Facebook is currently hiring blockchain experts including staff from PayPal.
Facebook warms up to cryptocurrencies; lifts crypto-related ads ban ahead FB Coin launch.

John Isige FXStreet

Facebook is rumored be preparing to launch its own issued crypto asset. The social media behemoth is currently hiring blockchain experts including staff from PayPal as per a report by Bloomberg. The crypto plan for Facebook has been around for a year now but the company has not yet officially confirmed its impending involvement with the cryptocurrency industry.

The report says that Facebook could finally announced the stablecoin on the Q3 of 2019. The teams that Facebook has hired over the past 12 months come from leading payment platforms like PayPal.

As reported by FXStreet earlier today, Facebook has loosed its stand on cryptocurrency related ads that had been banned since January 2018. Advertisers will no longer need to be pre-approved to run advertisements on the website. However, ICO related ads will not be permitted in spite of the change in the policy.

By lifting the ban, Facebook has been interpreted to be warming up to the digital assets as it inches closer to the launch of its own stablecoin who trademark “Libra has already been secured.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.