AMAZON IS A THREAT ON FACEBOOK'S LIBRA

Perfect35

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Quote from: finaleshot2016 on September 15, 2019, 12:24:14 PM

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People already lost their trust to invest more in the upcoming Libra of Facebook, so I think it's a great loss for them when Amazon releases its own cryptocurrency. There's still no specific date or action if Amazon will release their own coin so stay tuned. Any thoughts?

Reference:
https://www.ccn.com/facebook-amazon-libra-threat/

Had it been Amazon had launched her coin, then agreeing that it is a major competitor !right be on point, but this is otherwise. Therefore, Libra coin Weill still attract some investors until it is deemed fit for at major competitor to launch hers. Although, Facebook needs to prove to investors band other interesting quarters that the security of the platform is guaranteed.

o48o

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Quote from: finaleshot2016 on October 06, 2019, 05:57:28 PM

Quote from: o48o on October 04, 2019, 09:27:44 AM

Lol, amazon is more relevant to make a digital currency since they're a business where it involves money because it's an online store where you pay digitally. Facebook's Libra is just for the payment on the platform which is very irrelevant since we didn't expect that facebook will evolve on this level, i only see it as a social media platform.

That's another reason, amazon is making money and they can enter the cryptocurrency world whenever they wanted, they will not hesitate to do things because it's an advantage for them, they will not lose 'cause they can back up each gap on their actions.

You kind of missed my point. The Amazon is all about customer experience and easy usability. Why would they introduce a token or coin that would bring a new layer to that?
They do know by now that making their own centralized new currency will be a regulatory nightmare, and i am pretty sure they don't need it because they are doing just fine with fiat-currencies and other payment services.

I would rather predict that they would introduce other payment options like cryptos that are already out there before inventing their own stablecoin.

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Quote from: nxnqauff on September 23, 2019, 03:52:05 PM

One thing is good for crypto with such fights between major companies in the world going for blockchain and crypto coins. However I am not very sure about creating multiple coins from each and every company.

They are creating their coin for their service or platform and what's wrong/ facebook and amazon have so many users or even millions of users are using their service every day. That makes sense if they can create such a scalable blockchain that will be processing the transaction even better than the banker to give more benefit and easiest way for customers to buy or use their services.

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I think Amazon is still with Libra and I am sure they will make progress together because with the Libra platform it is possible that Amazon can expand the payment network so that it can make it easier for customers to make transactions on the Amazon platform in collaboration with Libra.

finaleshot2016

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Quote from: o48o on October 04, 2019, 09:27:44 AM

I am not sure why amazon would build something like that. Facebook makes more sense because their main income came from ads and it's hard to build a good social network when it's going to be infested with ads. So they wanted to expand and have even more data and money from their users. Their own money would serve the purpose perfectly for them, collecting more data and basically printing money by running masternodes.

Amazon on the other hand is already making money, they want the user experience to be easy. They might introduce easier payment systems but dabbling with crypto would mean they had to educate people to use it. And all they want is easy gui with easy shopping experiment.

Lol, amazon is more relevant to make a digital currency since they're a business where it involves money because it's an online store where you pay digitally. Facebook's Libra is just for the payment on the platform which is very irrelevant since we didn't expect that facebook will evolve on this level, i only see it as a social media platform.

That's another reason, amazon is making money and they can enter the cryptocurrency world whenever they wanted, they will not hesitate to do things because it's an advantage for them, they will not lose 'cause they can back up each gap on their actions.

o48o

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I am not sure why amazon would build something like that. Facebook makes more sense because their main income came from ads and it's hard to build a good social network when it's going to be infested with ads. So they wanted to expand and have even more data and money from their users. Their own money would serve the purpose perfectly for them, collecting more data and basically printing money by running masternodes.

Amazon on the other hand is already making money, they want the user experience to be easy. They might introduce easier payment systems but dabbling with crypto would mean they had to educate people to use it. And all they want is easy gui with easy shopping experiment.

torpedo

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I think both of them will be doing fine, if Amazon enters the market as well. i still feel curious about libra though, despite my mistrust to it.

gunhell16

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What will be the token of amazon?
Do they have the same project or use of tokens with facebook libra?
how to make a threat disappear? be better than them, make a better project and offer the best for your investors and the future.

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Quote from: plast555 on September 30, 2019, 01:24:28 PM

I think that companies like Amazon, Wallmart and Alibaba will be able to succeed if they use blockchain technology, especially in the supply chain. This is a true blessing for them and it would be a very accurate decision to invest.

But I can say that Facebook is late to invest because we already have Telegram, Statista and many more blockchain-based social media programs.

I agree with you, big corporate business process will get succeed in a quick time as they are already popular across the globe and they have gained a lot of trust from the people. However the same applies for Facebook as well we have lot of social media programs but there might be a specific change in the program which will be useful for the Blockchain users.

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I think that companies like Amazon, Wallmart and Alibaba will be able to succeed if they use blockchain technology, especially in the supply chain. This is a true blessing for them and it would be a very accurate decision to invest.

But I can say that Facebook is late to invest because we already have Telegram, Statista and many more blockchain-based social media programs.

finaleshot2016

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Quote from: nxnqauff on September 23, 2019, 03:52:05 PM

One thing is good for crypto with such fights between major companies in the world going for blockchain and crypto coins. However I am not very sure about creating multiple coins from each and every company.

There's advantage but definitely disadvantages will still grow as well as the environment is getting downfall.

Noting to do with that, it means we're going to get modernized. All transactions are possibly done through digital money so I'm wondering what will be the future look like.

The only thing I'm sure about was gold still existing in the future even the transactions are being made digitally. Maybe it cost more since it's rare and few pieces of gold are existing.

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One thing is good for crypto with such fights between major companies in the world going for blockchain and crypto coins. However I am not very sure about creating multiple coins from each and every company.

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Quote from: disconnectme on September 22, 2019, 03:00:13 PM

It is getting very interesting the interest people have in these centralized projects now has compared to decentralized projects that kick start this, before it was the VCs projects making waves but now Corporation projects, we need to beware of what we wished for because these people know how to dominate market

it caused by this project have more guarantee consider both are regulated company. In the decentralized project so many uncertainties especially there was no a regulation that gives guarantee to the platform.
If you have big money and you can do anything whatever you want to the market or even take it for you.
In our real life and anything have been dominating by major companies.

finaleshot2016

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Quote from: bigcash2011 on September 22, 2019, 04:12:52 PM

Personally i will welcome both as both of these coins will add to the total market cap of crypto market that will definitely have a boosting impact on the market especially when a wholly new people will enter crypto market through libra or amazon. Secondly i think fb and amazon are 2 very different business niches fb is truly global and amazon is just available in a dozen big countries only but yes amazon has billions in transactions so it is huge as well for me it will be great time coming for crypto market.

Yes, they're both welcome in the crypto world but remember that it's a business, there will be always a competition. Everything that has been created literally adds a good factor for the community, we know that but It will be always one that will reigns.

Facebook is only available in some countries especially in Asia because they have a different social media platform that is using. Amazon was also known in some other countries and have a good purpose for them, buying some rare stuff that can be bought internationally and through amazon, you can get it.

They're both have potential and have different platforms but when it comes to cryptocurrency, it's all about the money so it will cause a good competition for both side.

bigcash2011

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Personally i will welcome both as both of these coins will add to the total market cap of crypto market that will definitely have a boosting impact on the market especially when a wholly new people will enter crypto market through libra or amazon. Secondly i think fb and amazon are 2 very different business niches fb is truly global and amazon is just available in a dozen big countries only but yes amazon has billions in transactions so it is huge as well for me it will be great time coming for crypto market.

disconnectme

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It is getting very interesting the interest people have in these centralized projects now has compared to decentralized projects that kick start this, before it was the VCs projects making waves but now Corporation projects, we need to beware of what we wished for because these people know how to dominate market

DarkDays

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The great majority of major tech corporations are currently experimenting with blockchain technology. However, this is mostly for the secure transmission of data and improved tracking in supply chains.

Amazon is one of these companies. That said, there is no evidence that they are planning on producing a cryptocurrency. After all, they already have their Amazon payment system, I doubt they want to introduce people to cryptocurrencies and drive them away from one of their main revenue systems.

The governments are Libras biggest threat.

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Amazon might be able to make altcoin for their own cryptocurrency, but there will be many rejections if it doesn't have a stable exchange rate like USDC and I have seen many new altcoins trying to implement payments using crypto on e-commerce platforms but the platform is still quiet With enthusiasts, there are currently more and more opportunities for large companies to make their own altcoins, but Libra coins have stable prices that will disrupt conventional currencies.

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I feel that Facebook Libra and Amazon are healthy competition and good for the crypto sphere. In future big companies like Google, Samsung or Alibaba could also Facebook Libra's Biggest Threat. But I am one of the avid users of Facebook, and my personal data or other data is one of the Facebook biggest advantage.

finaleshot2016

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Quote from: bartolo on September 16, 2019, 04:06:10 AM

Right now, the biggest threat to Libra is the big rejection that it raises between governments. This is the real problem for them since it seems it will not be easy for Facebook to overcome it. Regarding other companies like Amazon launching their coin it will depend on the use of those coins, if they will be used only within the platforms that launch them or if they will be used to make payments anywhere. If Amazon launches their coin, but that coin is only used to buy stuff at Amazon, it will not affect Libra too much.

Facebook's libra was also be used to transactions within their platform so I think it's the same. I'm not being biased but based on popularity, facebook and amazon have a real match on this, they have both potentials and take note that Amazon isn't exempted on the government.

There will be also trials on amazon before they start trying to enter the cryptocurrency world. There's already existing wallet for amazon where you can buy online using that money so I think the idea of Amazon's coin will be different from the existing one. I know that it will be more precious and useful than every coin out there.

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