After the banking giant JP Morgan Chase launched its own digital currency (JPM Coin), it was the social networking tycoon Facebook who planned to develop their own electronic money project, with participation of the 'big boys' have made the electronic money market more active and stimulated the need for more electronic money.
It is important to know that most banks and credit institutions now charge fees for services and this is the weak point for the electronic money project of "big men" with billions of users. "Create a" flat world "without charging for electronic payment transactions, giving users better security technologies (blockchain) and benefits.
It is important to know that most banks and credit institutions now charge fees for services and this is the weak point for the electronic money project of "big men" with billions of users. "Create a" flat world "without charging for electronic payment transactions, giving users better security technologies (blockchain) and benefits.
Everyone is talking about Facebook and its plans about cryptocurrency or blockchain network. But there is no real announcement about it. Where did you hear or read this? A few weeks ago, Facebook's CEO M. Zuckerberg talked in F8 Developers meeting. But he didn't mention about cryptocurrencies. If he has a thought about it, wouldn't he mention in that meeting?
There is a big possibility that Facebook does not want to announce anything prematurely...maybe at the right time when things are clearer and with infrastructure already ready then Mark can say about it. Facebook can just be careful as it does not want to push people to conclude something adversarial on this possible move. I am sure that Facebook is really looking into the blockchain and cryptocurrency development and see how the social media conglomerate can fit in and make things better. Once things are ready, this can be creating a big splash in the corporate world and in the world of cryptocurrency because we know that Facebook is big, influential and very powerful...but then again it is the marketplace that can decide on this matter.
Facebook on January 30 announced its financial report for the fourth quarter of 2018 with a profit exceeding the forecast of analysts. This result eased investors' previous worries about whether Facebook has increased data security even though it may hinder the growth of the world's largest social networking company.
