Facebook plans to launch 'GlobalCoin' currency in 2020 - page 3.

Caladonian

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Quote from: _Django05_ on June 04, 2019, 03:35:31 AM

Quote from: trickbdpro on May 27, 2019, 04:05:38 AM

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.

Why won't Facebook just use another cryptocurrency, or even Bitcoin? It looks like Facebook is trying to disrupt Bitcoin by teaming up with banks and governments. Facebook and banks trying to disrupt Bitcoin that is trying to disrupt the banks. With Bitcoin not being supported by the banking industry and large governments, Facebook is trying to get the traditional parties on their side.

It's business as usual, Mark knows how to turned everything in his favors, we don't need to expect that he will Support crypto as it is but create it's own versions but will ride with the popularity of this industry, like what you have said, Mark will make sure that the traditional institutions will back him up for further success of this new project inside crypto currency.

guoyu78

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Quote from: Xampeuu on June 04, 2019, 02:54:29 AM

Quote from: Finestream on June 03, 2019, 06:23:49 PM

Quote from: bitcoin31 on June 03, 2019, 05:19:14 PM

It is high possibility global coin will successful because the facebook have a massive user that can possible also for them to turn as investor. Im still waiting for exact announcement when they are going fo announce the launching of the global coin and I possible to invest also if I saw the movement will rise which is not surprise for us for sure because that's what going to happen.

It might be well patronized by a lot of people knowing that facebook is still the most social media outlet by the massive.Hopefully this global coin will not affect the status of bitcoin and will not be a big threat because once this happens,i'm sure a lot of people will end up being frustrated particularly for those who are solely dependent on bitcoin.

indeed with Facebook facilities will facilitate the promotion of globalcoin, but all depends on investors, and for those who know bitcoin will certainly still choose BTTC as the main coin, for now

I don’t think there is even any point comparing these coins to Bitcoin because I am sure they are not in to create something similar to BTC, they already know that if they go that line, they will fail woefully by not getting any attention from crypto users and if it’s good for investment, people will only see the coin as an investment coin and dump it once they get their profit.

What I see face book creating is just a token that will never be used globally but internally, so I don’t see much issue here, they already have their market target before planning to propose such system and their market target are still within their system already.

devormity

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This is good news, if Facebook issues its own coins, it might be easy to get bulls, because Facebook is one of the biggest platforms in the world, because it would be very easy to promote coins, and I can't wait for this coin.

cabron

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The social media platform planned by Dan Larimer of EOS seem to have a good usecase for their VOICE token, this Facebook Globalcoin does have different usecase but its a stablecoin as been said. By 2020, the social media we shall be using ain't just facebook. They're not just the only player soon, I guess the people in crypto may also prefer using VOICE social media just as we prefer steemit in publishing articles.

geegaw

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Quote from: mirawantirinjana on June 03, 2019, 12:26:18 PM

I'm not too sure if Facebook will launch the 'GlobalCoin' currency in 2020. This is just speculation, and far from reality.
I don't think they have to do that. Facebook has become a giant company that doesn't have to do that.

Indeed, information from facebook is still very vague and there is not too much authentication here, so I also think that this is just a rumor because as you say, facebook is a big company, their stock is enough for people to invest, they don't need to launch their coin when this is always a legal issue, crypto is not something the government accepts. Plus, even if they want to launch this project, it doesn't give them too much benefit because people who use bitcoin and crypto don't want to participate in this project when everyone's guess about the coin of facebook is a project that has a stable value and is not very profitable

DmitFomin

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It's great that big companies are interested in cryptocurrencies, but I think that the coin that they want to run on Facebook has nothing to do with cryptocurrencies like Bitcoin, Ethereum, Zcash, Monero, etc. If this coin will be a stablecoin and its price will be pegged, for example, to the dollar, then this coin will not have any growth prospects for the price and it is not suitable for investing and trading. Especially if it will be used only on the Facebook platform, then these restrictions will make it less attractive than, for example, BTC, LTC, ETH, which are widely used.

_Django05_

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Quote from: trickbdpro on May 27, 2019, 04:05:38 AM

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.

Why won't Facebook just use another cryptocurrency, or even Bitcoin? It looks like Facebook is trying to disrupt Bitcoin by teaming up with banks and governments. Facebook and banks trying to disrupt Bitcoin that is trying to disrupt the banks. With Bitcoin not being supported by the banking industry and large governments, Facebook is trying to get the traditional parties on their side.

freedomgo

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Quote from: AntoCokbun on June 03, 2019, 01:42:51 PM

If Facebook really launches the coin, I am sure that Facebook coins will immediately become one of the top ranked coins because of their high popularity thanks to their worldwide social media platform.

That's for sure, all the hype will go to facebook coin and we should be ready for that.
I might ride with this project but I'll probably not going to hold it for long term as I believe it's going to be overvalued when launch in exchange.

Xampeuu

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Quote from: Finestream on June 03, 2019, 06:23:49 PM

Quote from: bitcoin31 on June 03, 2019, 05:19:14 PM

It is high possibility global coin will successful because the facebook have a massive user that can possible also for them to turn as investor. Im still waiting for exact announcement when they are going fo announce the launching of the global coin and I possible to invest also if I saw the movement will rise which is not surprise for us for sure because that's what going to happen.

It might be well patronized by a lot of people knowing that facebook is still the most social media outlet by the massive.Hopefully this global coin will not affect the status of bitcoin and will not be a big threat because once this happens,i'm sure a lot of people will end up being frustrated particularly for those who are solely dependent on bitcoin.

indeed with Facebook facilities will facilitate the promotion of globalcoin, but all depends on investors, and for those who know bitcoin will certainly still choose BTTC as the main coin, for now

Finestream

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Quote from: bitcoin31 on June 03, 2019, 05:19:14 PM

It is high possibility global coin will successful because the facebook have a massive user that can possible also for them to turn as investor. Im still waiting for exact announcement when they are going fo announce the launching of the global coin and I possible to invest also if I saw the movement will rise which is not surprise for us for sure because that's what going to happen.

It might be well patronized by a lot of people knowing that facebook is still the most social media outlet by the massive.Hopefully this global coin will not affect the status of bitcoin and will not be a big threat because once this happens,i'm sure a lot of people will end up being frustrated particularly for those who are solely dependent on bitcoin.

bitcoin31

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It is high possibility global coin will successful because the facebook have a massive user that can possible also for them to turn as investor. Im still waiting for exact announcement when they are going fo announce the launching of the global coin and I possible to invest also if I saw the movement will rise which is not surprise for us for sure because that's what going to happen.

AntoCokbun

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If Facebook really launches the coin, I am sure that Facebook coins will immediately become one of the top ranked coins because of their high popularity thanks to their worldwide social media platform.

Theb

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Quote from: congresowoman on June 03, 2019, 03:28:39 AM

This will be a giant step for the social media creator, Mark Zuckerburg as he sees the potential of cryptocurrency to really be a global currency. Having Facebook as a leverage to launch its own currency just goes to show how the creator believed in crypto. But my question is that, if Facebook solely revolves to connecting people, then how can he use crypto in such? could it be that he will use the site as full blown marketplace like amazon and others? well that is still to be unveiled.

Perhaps you didn't read the news right. The Facebook "global currency" the news is referring too will be only used in Facebook's social platform and might extend to its fellow applications such as messenger, WhatsApps, and Instagram. Gone are the days that Facebook is only known as a social media platform as it is now being used as some kind of marketplace where they buy and sell things never did FB as of the present had earned from these people who use their platform to earn for themselves that is why they made Project Libra to have a piece from that pie. Having their own centralized currency will surely guarantee them that they have something in return from these people.

mirawantirinjana

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I'm not too sure if Facebook will launch the 'GlobalCoin' currency in 2020. This is just speculation, and far from reality.
I don't think they have to do that. Facebook has become a giant company that doesn't have to do that.

Prettyme

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Quote from: trickbdpro on May 27, 2019, 04:05:38 AM

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.

I see this news on: BBC News
Link: www.bbc.co.uk/news/amp/business-48383460

I think it would be a great springboard in using facebook to promote something like cryptocurrency. As I can see cryptocurrency became known because of many social medias and one example here is facebook. With that "globalcoin" will be known with the use of facebook.

binhvo1505

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Quote from: trickbdpro on May 27, 2019, 04:05:38 AM

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.

I see this news on: BBC News
Link: www.bbc.co.uk/news/amp/business-48383460

This is no longer a trivial project. behind it is a hundred billion dollar business and it will certainly unleash its full potential. We will see a new ruler in this crypto market and it will cause a lot of interesting changes in the future. Believe me, ICO projects will also be affected well.

wuvdoll

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They are just promoting the idea right now not the product. There is no detail about globalcoin at all, hell even the name could be changed eventually, however there is just one thing for certain, facebook is starting a crypto currency of their own. That information is legit and it will happen unless they cancel it, I mean that is still possible but aside from that they will definitely have a crypto currency.

How it will be used, what it will be used for, how many supply total, what the starting price will be all haven't been decided yet, as we get more information about it we will be able to give more opinions and healthier opinions however as long as we do not have any details all we say will be just assumptions. I hate facebook and how they run the company so I will say bad things but we still need to wait and see.

congresowoman

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This will be a giant step for the social media creator, Mark Zuckerburg as he sees the potential of cryptocurrency to really be a global currency. Having Facebook as a leverage to launch its own currency just goes to show how the creator believed in crypto. But my question is that, if Facebook solely revolves to connecting people, then how can he use crypto in such? could it be that he will use the site as full blown marketplace like amazon and others? well that is still to be unveiled.

jonaire99

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Facebook is finally entering the world of cryptocurrency and could become a powerful player in the digital payment market if its globalcoin launch become successful in the future. This plan of facebook might create a significant effect on the crypto industry and many giant comlanies might follow its example. Many crypto enthusiasts are already excited on this development and might also further boost the market in the future.

wekael

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Isnt it a stable coin?
How to profit from this?

Topic: Facebook plans to launch 'GlobalCoin' currency in 2020 - page 3. (Read 1343 times)