A decade ago, Facebook created “Facebook Credits”, a virtual currency that enabled folks to purchase items in apps and on the social network. This time they plan to launch ‘GlobalCoin’, with the mind to set up digital payments systems in roughly a dozen countries in 2020. Founder Mark Zuckerberg met Mr Carney last month to discuss the opportunities and risks involved in launching a crypto-currency. Facebook claims that the cryptocurrency will provide affordable and secure ways of making payments, regardless of whether or not users have bank accounts. But Garrick Hileman, a researcher at London School of Economics, said the GlobalCoin project could be one of the most significant events in the short history of crypto-currencies.