Facebook has finally circled a date for its “GlobalCoin” whitepaper launch, eying a June 18 release, TechCrunch reported Thursday.
A European Facebook executive reportedly let the date slip to a German reporter at the Money 2020 Conference. TechCrunch also received an embargo from the social media giant for the same date. The whitepaper should outline a wealth of new details on Facebook’s stablecoin, which is not expected to launch until 2020, according to an earlier BBC report. One detail the executive has already confirmed is that, as preempted by The New York Times, the coin will be pegged to a basket of currencies rather than just the U.S. dollar. This means Facebook will have an equal number of tokens as it does various national currencies in bank accounts.
Meanwhile, Facebook also released a new wave of blockchain jobs this week, bringing the total number of openings to 28, as first noted on Twitter by The Block’s Mike Dudas.
One industry expert noted that advertising for the roles, listed above, was telling of the standard Facebook is aiming for.
“Product determines what they build, marketing data science builds metrics for success,” they said. They also added that the positions gave clues as to the token’s possible timeline. “They would do that [recruitment] long before launching. And they probably expect it would take six months to fill all these roles,” they said.
The news follows The Information’s report that Facebook was setting up an independent foundation to manage its token.