but i say there is a very good chance that all of this is just a rumor created by these click-bait news sites. they are well known for doing things like this. they make up stories and then it goes viral when every other smaller news sties copies their news.
they said they are looking in the technology they didn't say they are creating a new coin.
Them moving into moving money is an obvious step if Apple and Google are already at it. There's no more compelling way of keeping people locked to your platform. I don't see how or why they'd step beyond at most a token of some sort in partnership with the usual banks or card processors.
If they started to look into banking the unbanked that would be a vast deal. I've no idea how they'd achieve that though.
that may be. but i can't help but feel like creating a new coin by any of these big companies is not going to end well. i mean who is going to use "FaceCoin" "GoogleCoin", etc when there is fiat and bitcoin for centralized and decentralized option.
my guess is that if they did really create these coins they will make a lot of noise and get a lot of traction (obviously big companies with a lot of money and a lot of advertising) but that won't last long for them. there is just no point in converting your money to FaceCoin and then making payments with that!