Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Tools & Technology»Facebook employees may now take cryptocurrency as salary
    Tools & Technology

    Facebook employees may now take cryptocurrency as salary

    HRK News BureauBy HRK News BureauJune 7, 2019Updated:June 7, 20192 Mins Read2013 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Facebook is all set to launch its cryptocurrency, GlobalCoin, and its employees may soon be allowed to carry home their salaries in the form of this stable coin.

    The Company has been working on building its own digital currency for about a year now. The currency can be stored, traded and exchanged for regular currency, with the help of Messenger, WhatsApp and other Facebook apps.

    It is reported that the Company is also working on machines similar to ATMs from where the currency can be bought.

    If GlobalCoin is successfully launched, Facebook’s over two billion users will be able to pay for things and exchange money between countries. This will also allow Facebook to look at means for generating income other than advertisements alone.

    The Company is expected to tie up with other organisations to help manage the cryptocurrency, and is reportedly planning to charge about $10 million for the service. These third-party organisations or nodes will lend support to the network in the form of their computing power, which will be required to resolve intricate mathematical equations, that help authenticate transactions.

    Facebook is said to have been discussing the currency with global players in the crypto space as well as international regulators regarding the opportunity as well as related regulatory issues.

    It is reported that Facebook will come out with a white paper detailing the basics of the new currency by 18 June. The cryptocurrency will be in the form of a coin or token, which can be transferred without any fee being charged, through Facebook apps.

    Cryptocurrency currency Facebook GlobalCoin
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    5 × 1 =

    Related Posts

    EPFO’s revamped Form 13 to quicken PF transfers, eliminate delays

    April 29, 2025

    Vedanta uses AI to ensure employee safety at work

    April 28, 2025

    UAN can be generated through Aadhaar-based face authentication: EPFO

    April 10, 2025

    Standard Chartered unveils SC GPT for 70,000 employees

    April 7, 2025
    EDITOR'S PICKS

    The quiet commute: How a digital detox is reshaping work-life balance

    May 16, 2025

    “Dark factories still a decade away from disrupting India’s employment market,” Sushil Baveja, CHRO, Jindal Stainless

    May 15, 2025

    How Pramerica Life builds an ethical culture that works

    May 15, 2025

    Red flags in job applications: What candidates miss but recruiters spot

    May 14, 2025
    Latest Post

    SC orders West Bengal to pay 25% DA to state employees

    News May 16, 2025

    In a significant development, the Supreme Court has directed the West Bengal government to pay…

    Andhra Pradesh govt eases employee transfer ban till 2 June

    News May 16, 2025

    The State government of Andhra Pradesh has announced a temporary relaxation of the ban on…

    Keenai appoints Ujjwal Ankur as COO, Doorva Bahuguna as CMO

    Movement May 16, 2025

    As part of its attempt to scale globally, Keenai, a leading wealth-tech company backed by…

    The quiet commute: How a digital detox is reshaping work-life balance

    Exclusive Features May 16, 2025

    In the crowded carriages of morning trains across urban India, a subtle rebellion is underway.…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.