Facebook plans to launch 'GlobalCoin' currency in 2020 - page 2.

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legendary

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Quote from: bL4nkcode on May 24, 2019, 11:08:58 AM

Facebook is finalising plans to launch its own crypto-currency next year.
It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020
https://www.bbc.com/news/business-48383460
Sounds old, but this might be true this time.

Facebook likes to control everything - just think about WhatsApp and Instagram. The more we learn about the processing and use of our personal data by this company, the more suspicious the idea of creating their crypto becomes.
Bitcoin’s sense is to reject centralized systems and transfer control over your finances into the hands of each individual, but I doubt very much that FB supports this idea. This new crypto (if they really launch it) will be not decentralized at least.

richmcrich

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Quote from: bL4nkcode on May 24, 2019, 11:08:58 AM

Facebook is finalising plans to launch its own crypto-currency next year.

It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020

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

Sounds old, but this might be true this time.

Facebook has offices virtually in most parts of the world where they are operating and we know that Facebook platform is a platform used globally, so if Facebook is creating a coin, it will surely be used by its users in different part of the world, but that doesn’t mean it will be a global currency as people claim it will be.

Whatever coin Facebook is going to create will be a stable coin to be used by its business members because I don’t see how useful it will be to an ordinary user since the coin will be a stable coin purposely or their system and not a general utility coin like BTC or ETH.

ven7net

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If, however, the crypt market has passed the next bottom and we see the beginning of a new stage of growth, then the appearance of such news is quite obvious, and, most likely, this can happen. We are talking about the emergence of cryptocurrency on Facebook, which means that we are waiting for a lot of positive events in cryptocurrency. If the launch of the cryptocurrency of the social network Facebook is scheduled for 2020, then somewhere in the same place we will see an even greater growth in the cryptographic market. In general, this is a good trend, and I believe that everything will be just better.

soulripper

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Facebook coin will be big as bitcoin if it really release at the next year.. Just imagine the hype it will gain and this will be lead to a positive thing to the blockchain also. Cryptos will being see as a good choices to make a payment fast and easy without middleman anymore.

JCviggen

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Quote from: Anc92 on May 28, 2019, 09:19:47 AM

The only reason I'm looking forward to this crypto being rolled out is because it is going to draw more attention to the blockchain industry and our favorite projects will benefit from the extra exposure.

The fact that Facebook will bring attention to cryptocurrency will not bring any value. Facebook will not use a cryptocurrency, but will use its stable coin. it's the same as he uses the dollar

Anonylz

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Quote from: piebeyb on May 28, 2019, 09:27:49 AM

I think not only Facebook but maybe there will be many big companies and others launching their own crypto currency, whether it is googlecoin or something else, but I am glad that there is a lot of good news in 2019 so that trust returns to investors, I've read the news Cool

I also share the same view as you, in life people tends to follow the footstep of others especially when that footstep has a success story behind it, and blockchain is not an exception, we have seen lots of project following the footstep of their predecessor with a slight different ideas, so if Facebook happens to be successful in lunching its own coin many similar project will want to lunch theirs as well, i think this could be a positive thing to crypto because once FB succeed other company will definitely be interested.

Apes

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if Facebook is really serious about developing cryptocurrency itself, what is the use it for? imagine if Facebook currently dominates social media to be paid. Facebook is currently acquiring large companies such as Instagram and WA. it is disappointing if all the applications that acquired by Facebook company become paid.

Juggy777

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Quote from: Galantin on May 27, 2019, 12:35:35 PM

This project has ceased to be interesting to me. Facebook just want to increase their income. The coin will be stable which means that as an investor I will not be interested in holding it. And also I don’t like the list of countries that will not be able to use this coin Russia and China.

Facebook global coin is not worth our time as it’ll be a centralised stable coin, and most importantly people will have to be KYC verified for this. In my personal opinion this coin won’t last long once people realise that it has no value, and has no characteristics of crypto’s. That’s a very short list you came up with there’ll be many more countries e.g. entire Asian region barring Japan will be on that list.

piebeyb

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I think not only Facebook but maybe there will be many big companies and others launching their own crypto currency, whether it is googlecoin or something else, but I am glad that there is a lot of good news in 2019 so that trust returns to investors, I've read the news Cool

NeverSop

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HODL

Quote from: bL4nkcode on May 24, 2019, 11:08:58 AM

Facebook is finalising plans to launch its own crypto-currency next year.

It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020

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

Sounds old, but this might be true this time.

This information is of interest to the community. Currently, Unknown time to launch "Global Coin" from facebook. But the latest information shows that Zuckerberg and facebook are embracing blockchain as a solution for the future and seriously working with organizations and banks. Much similar information with Paypal. Trust that this is a new source of wind for the crypto community. And once again confirm that, blockchain is really the future of money and modern payment solutions.

Anc92

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The only reason I'm looking forward to this crypto being rolled out is because it is going to draw more attention to the blockchain industry and our favorite projects will benefit from the extra exposure.

aioc

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Quote from: bL4nkcode on May 24, 2019, 11:08:58 AM

Facebook is finalising plans to launch its own crypto-currency next year.

It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020

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

Sounds old, but this might be true this time.

Yeah, in the past people are predicting that Facebook will launch a coin of their own, and they are asking for the possibility, and now it's really happening, I think they had a plan to launch one in the past, they are just waiting for the best time to create one, because they want to test if this kind of technology will be accepted globally, and now that they've seen it, they are on it now.

Supercrypt

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Quote from: voltesbit777 on May 25, 2019, 01:08:59 AM

This move by the owner of facebook might be a game-changer strategy that might bring cryptocurrency to be known to more and more people. We know that social media have huge impact in terms of dissiminating information. Facebook is very influencial these days.

This will be one of the very big advantages the invention of Facebook coin will bring to the general market of cryptocurrency as I believe that Facebook has the largestsocial media user in the whole world.

By the timeFacebook starts this project and others like twitter, Google and the rest see how it becomes well accepted and used, they will surely have no choice than to join too which will be the beginning of great revolution in crypto industry as regards adoption.

I just can’t wait till the time the project will be launched as I know that it will make bitcoin price shoot up because of the hype itwill get then and many people believing that its project will sure have impact on bitcoin even if I know it may not.

SirLancelot

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Quote from: Adriano2010 on May 27, 2019, 04:36:13 PM

Indeed we can see a new trend, and more companies try to create crypto or to use it, i will not use Facebook coin if is a stable coin, i not have what to do with and i not use Facebook.

It is going to be incredible and it might capture the market after it is launched. Actually the benefit Facebook has is that it has gotten so many users who might be interested in investing in the coin in its early ages when it is down. There would be great price rise in future which means that the investment you will make in these coins will be replicated upon the rise in the prices.

Adriano2010

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Indeed we can see a new trend, and more companies try to create crypto or to use it, i will not use Facebook coin if is a stable coin, i not have what to do with and i not use Facebook.

mindrust

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Quote from: lyks15 on May 25, 2019, 03:48:42 AM

If is truely happen that that new coin of facebook will launch, I think there is a new competitor or I can say that bitcoin has a huge and strong competitor. Because all we know that facebook don't need to advertise if they launched their own coin because they are already popular so people will surely adopt that coin.

FacebookCoin probably won't be Bitcoin's competitor. There are rumors saying it'll be a stable coin just like Tether. Probably 1FBC=1USD. If that's the case It won't be more useful than your steam balance which are only useful to purchase steam games.

If they don't peg it to USD however, that might be the hype train we should be getting onto... to make more bitcoins.

martina14

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I am still waiting for the Facebook CEO message about this.
THough i been reading many news about this GLOBALCOIN which will manage my FACEBOOK.
Even on Airdrop alert, they are been many news about it. but still lets wait further more.

BryanK

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Yeah, I heard about Facebook wanting to be more anonymous, too. But I did not know about the introduction of my own cryptocurrency. In this case, Facebook is great.

ecnalubma

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Without a hype Facebook can easily attract investors regardless of the purpose of the project. This is also a signal of billion dollar companies soon follow to enter the crypto space.

novy

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Interesting fact about the name - Global coin. In early 2015 there was a project with the same name which was a scam. Lets see what could happen this time.

Topic: Facebook plans to launch 'GlobalCoin' currency in 2020 - page 2. (Read 554 times)