Can you bank on Facebook’s cryptocurrency? What it has in store for investors

After months of speculations over the launch of Facebook’s own cryptocurrency reportedly dubbed GlobalCoin, the social networking giant will finally roll it out later this month and would offer it as salaries to employees working on it, CNBC reported citing technology news portal The Information. Not just that, Facebook is also looking to set-up crypto dispensing ATMs similar to cash dispensing ATMs.

All that while going through multiple data leak scandals since last year that has hit Facebook. But the company and Mark Zuckerberg, in particular, is betting big on cryptocurrency. But what would it take for users to trust GlobalCoin for which “Facebook had appointed its head of Messenger David Marcus last year to lead its blockchain division and has been working different financial and technology firms to seek support for its cryptocurrency,” Forbes reported.