At long last, some of the world’s largest companies are delving into on crypto and related technologies. The past weeks have seen news arise that some of the world’s largest institutions in TD Ameritrade and Fidelity continue to scale into Bitcoin.
What’s also important is that giants of the technology world also continue to foray into the cryptocurrency space. While Microsoft, IBM, Samsung, and Google have made good progress with their blockchain-related products, Facebook may make the biggest splash yet with its own digital asset.
Speaking to CNBC’s “Squawk Box”, Galaxy Digital’s Mike Novogratz accentuated the importance of Facebook’s massive step into this space. The former Wall Street hotshot, now a well-known cryptocurrency investor, said that “Facebook is wildly important for the ecosystem”, adding that this tacit endorsement of the technology behind Bitcoin is resounding. He even states that contrary to popular belief,
Globalcoin will add value to the non-centralized cryptocurrency ecosystem, not subtract.
Further Read:
https://www.newsbtc.com/2019/05/26/novogratz-facebook-integral-crypto-bitcoin-hurt-globalcoin/The Facebook's GlobalCoin hype is real and while many are excited on this development there are also who are raising their eyebrows on what it can it means to Bitcoin and the rest of cryptocurrency. Doubters may listen to the man we just quoted above for more ideas of the things to come with this soon-to-debut cryptocurrency. Of course, we have nothing to be afraid of since the marketplace has already decided that nothing will ever comes close to bitcoin...so should we expect that in fact GlobalCoin and Bitcoin can be complementing each other?
