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Topic: Facebook to Develop its Own Stablecoin (Read 822 times)

member
Activity: 259
Merit: 17
December 31, 2018, 02:32:37 AM
Someone on their team may have suggested to look into the blockchain technology because so many big and small companies are going for it, it might be because they do now want to be a latecomer or they want to adopt it to enhance their feature, either way they will come out the winner and so do the cryptocurrency community.
sr. member
Activity: 1344
Merit: 261
December 31, 2018, 02:18:39 AM
Bitcoin is a big one and if Facebook steps into the market and established their own coin then I think it will still depend on how they will perform, they are new to the market and we all know that it is not that easy to climb in to the top 100 but if Facebook steps in then I would like to see if they will be successful or just simply become an altcoin in the market.
newbie
Activity: 5
Merit: 0
December 31, 2018, 01:39:24 AM
“If Facebook launches the stablecoin they are reportedly building, it will quickly become the most used product in crypto,”
read more here
Anthony Pompliano, a crypto analyst and founder and partner at Morgan Creek Digital Assets tweets about this
https://twitter.com/APompliano/status/1075951717399838722?s=20

mass adoptions in crypto is on its way  Wink
anithing wete we can buy that baby?Huh??
member
Activity: 248
Merit: 10
December 31, 2018, 01:34:06 AM
“If Facebook launches the stablecoin they are reportedly building, it will quickly become the most used product in crypto,”
read more here
Anthony Pompliano, a crypto analyst and founder and partner at Morgan Creek Digital Assets tweets about this
https://twitter.com/APompliano/status/1075951717399838722?s=20

mass adoptions in crypto is on its way  Wink

If facebook eventually comes up with this new stablecoin it would be a welcome development to the entire cryptocurrency community in general and the facebook community in particular,let us still keep our fingers cross and wait to see if it will happen.
member
Activity: 532
Merit: 10
December 31, 2018, 12:23:30 AM
By have new way to launch their coin self, I think Facebook will give more positive effect for bitcoin and altcoin price at the future, will be positive for crypto at the next time.
copper member
Activity: 118
Merit: 0
December 31, 2018, 12:12:28 AM
Facebook adopting crypto  is such a great news . this will make crypto currency popularity  go higher and higher   .. Facebook has a large community members at least crypto will attract allot of them so lets wait for official announcement of the lunch  !!
legendary
Activity: 1932
Merit: 1273
December 31, 2018, 12:05:24 AM
Honestly, I don't pretty much give attention about it since I know for sure it will be a centralized cryptocurrency. Maybe the good side it will introduce cryptocurrency to wider impression, and I hope its trigger people curiosity about cryptocurrency in general.

mass adoptions in crypto is on its way  Wink

That is too good to be true. Facebook won't directly be helping cryptocurrency to gain adoption. The mass adoptions process require a large of effort from the community. Facebook cant magically boost the adoption process.
jr. member
Activity: 546
Merit: 1
December 31, 2018, 12:04:17 AM
yup, i heard of this info too, some social media has getting interest to make their own blockchain, like we now facebook will launch their own too.
sr. member
Activity: 658
Merit: 250
December 30, 2018, 11:53:51 PM
If that would be real, i think many people will love to have it, since there are many people who has facebook account and likes it.
Especially if the coins available to be used for daily need.
member
Activity: 434
Merit: 10
December 30, 2018, 11:37:26 PM
Facebook certainly doesn't want to be left behind with the development of the current crypto. by building on the application of social media is great then sure facebook will easily be able to make their own creation of coins easily. In addition, support like facebook will give a huge impact on the development of crypto in the future.
full member
Activity: 700
Merit: 110
Helios Protocol https://discord.gg/cpzAEMB
December 30, 2018, 11:19:28 PM
Oh the irony after they previously cut into all of the crypto advertising and ico promotion for certain geographical locations that they now decide to turn around and jump on the bandwagon  Roll Eyes
member
Activity: 770
Merit: 14
www.thegeomadao.com
December 30, 2018, 11:13:39 PM
From being vocal of cryptocurrency to plan to create its own stablecoin, Facebook has realized the importance of cryptocurrency I think. And it is all good for investors and crypto enthusiasts. Not only Facebook, other giant business companies are accepting cryptocurrency in a way or another. It means the crypto will be becoming a mainstreamed inspection.
newbie
Activity: 42
Merit: 0
December 30, 2018, 06:14:01 PM
Guess they want a Piece of the action
full member
Activity: 448
Merit: 100
MenaPay - Crypto made easier than cash
December 30, 2018, 06:09:26 PM
if facebook is right to issue crypto stablecoin, in my opinion, maybe their goal is to make payment tools on facebook such as placing advertisements, buying coin games. maybe it's more than a good idea
This is perhaps one of the options for the initial promotion of their own cryptocurrency, first inside Facebook , and then the path may already begin as a self-coin to pay for services, and not another toy for speculators
sr. member
Activity: 910
Merit: 250
Proof-of-Stake Blockchain Network
December 30, 2018, 05:59:31 PM
If Facebook will release its coin, I think it almost immediately fall into the top 10) I wonder what will be the price)
sr. member
Activity: 1218
Merit: 251
December 30, 2018, 12:23:35 PM
if facebook is right to issue crypto stablecoin, in my opinion, maybe their goal is to make payment tools on facebook such as placing advertisements, buying coin games. maybe it's more than a good idea
full member
Activity: 303
Merit: 105
December 30, 2018, 08:47:24 AM
#99
I think this is just PR. While the development does not go. Of course they have a market. But until they reach the cryptocurrency market there will be too many competitors.
member
Activity: 714
Merit: 11
BountyMarketCap
December 30, 2018, 08:44:45 AM
#98
Yes, Facebook wants to adopt Crypto as a payment used through WhatsApp, they want to emulate the Wechat application. I think the value will be more stable than others, because if it fluctuates, users will not be comfortable using it.
copper member
Activity: 154
Merit: 0
December 30, 2018, 12:29:59 AM
#97
This is a welcome development because this will further increase adoption and makes many to believe in the blockchain technology and the concept of decentralized currency but my question is what's the reason why all of them are developing stablecoin instead of normal Cryptocoin
member
Activity: 264
Merit: 11
December 30, 2018, 12:01:31 AM
#96
If facebook is coming into crypto then Zuckerburg is the worse hypocrite i have ever seen .. right if your facebook account is related into crypto and blockchain when you post its goes no where .. few friends will see it ..  facebook has restricted crypto related post to go viral unless you do paid  advertisement .. now they are also getting into crypto ..  This show that crypto is the future no body can stop it .. If you can beat them just  join them !!!     
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