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Topic: BBC - Facebook to launch Globalcoin in 2020 - page 3. (Read 392 times)

full member
Activity: 1400
Merit: 103
The release of "Globalcoin" will be a good impetus for the next crypto rally. I think that 2020 will be very eventful. Also, we should not forget about TON(telegram coin).
legendary
Activity: 2156
Merit: 1622
I heard that it will be fully centralized and will bring disgrace for crypto community. It will be like gold in world of warcraft. Token in centralized database that has real world value.

10 mil gold from game i currently worth 42$.
https://edition.cnn.com/2018/05/08/world/world-of-warcraft-token-worth-more-than-venezuelas-currency-trnd/index.html

Is that cryptocurrency? No. Facebook coin will be something like that. (to my knowledge)
hero member
Activity: 1134
Merit: 515
BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460
This would be what will take the crypto market forward, as we all know, facebook is one of the platform with very large audience of about 2 billion people or even much more, though I believe some of those people are bots and others own more than one account, but it doesn't change the fact that their database is very large and the implementation of any cryptocurrency into their platform is not only going to increase the volume of the market but also increase the trust in the market because much more people would have trust.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Yeah, I read the same news on cointelegraph. BBC has reported that Facebook will launch a coin for payments in the next year.
This definitely a good news for the crypto community since it will create a much bigger awareness among people.
Also, it will enforce a form of trust among the people since Facebook is a reputed company and a reputed company using crypto will automatically make people trust them.
Earlier Facebook had also said that they will soon be launching a stable coin and now this. Combining these we can say that Facebook will launch a stable coin which will be used for payments.
legendary
Activity: 2982
Merit: 1069
This would be another leap forward for cryptocurrency. Facebook has realized crypto is the future and want's to be the first tech giant to connect it's users with crypto. But as some of the oppressive authorities are against the use of Crypto, Facebook is diversifying and moving out it's operation and as the article states this would be released only to a limited number of countries. Which I suppose would be crypto friendly ones.
IIV
member
Activity: 130
Merit: 16
BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460
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