Business Chief US+CAN Magazine January 2020 | Page 79

DIVING INTO THE CRYPTO MARKET
TOP 10

CEO MARK ZUCKERBERG

$ 55.8bn

REVENUE IN US DOLLARS

35,587

NUMBER OF EMPLOYEES

08 Facebook

MENLO PARK , CALIFORNIA

Facebook , founded in 2004 by Mark Zuckerberg , is an online social media and social networking service .
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DIVING INTO THE CRYPTO MARKET
Announced in June 2019 , Facebook is in the development stages of its own cryptocurrency , Libra Coin . The currency – backed by real assets - utilises blockchain technology to connect people who do not have access to traditional banking methods . Users will be able to make cross border payments via Facebook-owned apps such as Messenger and Whatsapp , with potential acceptors of the currency being Uber and Visa . The new currency is expected to launch in 2020 .
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