I think i will avoid this.
Yes it is good thing for cryptocurrencies to become mainstream but on the other hand, it will be probably a money grab operation for facebook.
Topic: Facebook will issue "GlobalCoin" before 2020 - What do you think about this? - page 2. (Read 414 times)
May 27, 2019, 07:29:55 AM
May 27, 2019, 07:10:18 AM
Social networking giant Facebook will release its own electronic money called "GlobalCoin" in 2020, news from the BBC.
The news agency said on Friday that Facebook will plan to issue an electronic-based payment system in many countries before the first quarter of 2020 and is planning to test it before the end of the year.
More information about Facebook's e-money plan will be revealed in the coming month. They also added that Facebook is looking for advisors from the US Treasury Department and leaders from British bank Mark Carney about opportunities as well as legal issues for the discovery, the project is given is called "Project Libra"
This news comes at a time when reports suggest that Facebook is having talks with payment companies including Western Union, Visa and Mastercard to be able to support and financially support the electricity currency. They were pegged for their legal fees. The e-currency development project is expected to help billions of Facebook users can transfer money as well as make online purchases.
On May 2, Facebook registered to set up a new "Libra Networks" company in Geneva (Switzerland), which will enable them to "provide financial and technology services as well as hardware development simultaneously." is the software attached. " Last month, it was reported that Facebook could mobilize $ 1 billion to deploy this stablecoin project.
What do you think about this. Let's discuss the future of Facebook coin and social disturbance
The news agency said on Friday that Facebook will plan to issue an electronic-based payment system in many countries before the first quarter of 2020 and is planning to test it before the end of the year.
More information about Facebook's e-money plan will be revealed in the coming month. They also added that Facebook is looking for advisors from the US Treasury Department and leaders from British bank Mark Carney about opportunities as well as legal issues for the discovery, the project is given is called "Project Libra"
This news comes at a time when reports suggest that Facebook is having talks with payment companies including Western Union, Visa and Mastercard to be able to support and financially support the electricity currency. They were pegged for their legal fees. The e-currency development project is expected to help billions of Facebook users can transfer money as well as make online purchases.
On May 2, Facebook registered to set up a new "Libra Networks" company in Geneva (Switzerland), which will enable them to "provide financial and technology services as well as hardware development simultaneously." is the software attached. " Last month, it was reported that Facebook could mobilize $ 1 billion to deploy this stablecoin project.
What do you think about this. Let's discuss the future of Facebook coin and social disturbance
Is this comes from an article? if so please edit it and post the link it or quote where you copied, you might get ban for copy-pasting, going back to your post, if they are going to use $1 billion for this project, this is one of the costliest cryptocurrency projects, and will give all the top coins a tough fight in the position.
May 27, 2019, 06:49:26 AM
If the facebook will really launched a new coin like the above said "global coins" it may leads us into two ways effects like being a good opportunity to every hunters because it seems that cryptomarkets gets along new market system that provide hunters to become more interested in joining bounties for a good investment like the dencoins tokens. But on the other hands, it can also be a threat to the others bounties because it may leads to affect the rate of the old coins.
May 27, 2019, 06:34:37 AM
On the one hand, it is good, more people will start to be interested in cryptocurrency, and on the other hand, it is bad, large corporations are always trying to change the market for themselves and this can become a problem for us.
May 27, 2019, 06:26:12 AM
Reading the note posted by the OP it's not clear to me if what Facebook is going to launch is really a cryptocurrency or not, they don't say if this coin will have its own blockchain or if it will not have any blockchain at all, according to what is written there it seems Facebook is going to launch some kind of internal payment processor with an “in-game currency”.
May 27, 2019, 06:13:51 AM
In my opinion this is good news, because later the crypto world will develop and there will be many people who know crypto
May 27, 2019, 05:36:43 AM
As you know FaceBook wants to launch own coin as like Bitcoin but Bitcoin will always prime and this announcement will boost the crypto market.
May 27, 2019, 05:16:42 AM
Why is this advertised as if it's competition for Bitcoin? It sounds to me like Facebook is going to compete against Paypal.
A centralized payment system doesn't need a blockchain and can't be anonymous.
A centralized payment system doesn't need a blockchain and can't be anonymous.
May 27, 2019, 05:12:33 AM
expect a ton of these types of coins from a lot of different companies, banks and governments. basically we had 3 periods so far. the first one was the revolution that started with bitcoin and then some other initial altcoins that were decent projects. the second one was the pumping period where the hype was so much that it attracted lots of scammers who created a ton of shitcoins (mostly ICO tokens) and took newbies' money. the third phase is going to be the centralized sector doing the same thing but under regulation!!!
my guess would be the 4th period is the death of all the junk including the coins created in 2nd and 3rd periods and only the good projects surviving and going on.
my guess would be the 4th period is the death of all the junk including the coins created in 2nd and 3rd periods and only the good projects surviving and going on.
May 27, 2019, 03:11:42 AM
Q: Will it help btc or other crypto adoption?
A: No.
Its too early to tell what will be the effect of that coin if Facebook did really implement it but I guess it will create a buzz over social media and other media channels and will help spur mass awareness for cryptocurrency and the industry in general which I think will result to a positive effect among non believers.
May 26, 2019, 10:26:19 PM
I will just wait for them to launch and observe how the market will react to that globalcoin. Other than it will be a stable coin and be used as global payment, I don't have any idea what this coin is all about.
May 26, 2019, 10:21:05 PM
It would be a step forward for Facebook.
Facebook is losing a lot of users from it's platform because of privacy issue and it's being greedy. Tokenizing the platform would at least solve some problems like rewarding the content creators.
Facebook is losing a lot of users from it's platform because of privacy issue and it's being greedy. Tokenizing the platform would at least solve some problems like rewarding the content creators.
May 26, 2019, 10:21:00 PM
Facebook crypto currency will be much different than current eco system
1. It will be centralized instead of decentralized.
2. I do not think facebook will allow mining of it currency.
3. Facebbok will dictate on the pricing of cryptocurrency.
Q: Will it help btc or other crypto adoption?
A: No.
1. It will be centralized instead of decentralized.
2. I do not think facebook will allow mining of it currency.
3. Facebbok will dictate on the pricing of cryptocurrency.
Q: Will it help btc or other crypto adoption?
A: No.
May 26, 2019, 10:14:33 PM
Facebook is one of the global household names in the world and its involvement into crypto will go a long way to depict the core benefits of cryptocurrency to ict companies and the likes and how they can drive more value through crypto
If you will going to look at what will be the main event in this facebook coin launch in the market, it will going to be simple, cryptocurrency market adoption will be at its finest at more and millions of people around the globe will be encourage to learn and understand how cryrpto works, in result, more volume will be generated
May 26, 2019, 10:12:04 PM
i think its a great idea if they were realizing the global coin they had issued for around many years. its a great thing if they realize their most important thing for the crypto.
May 26, 2019, 09:15:10 PM
I have to tip my hat to Facebook for their realization of needing to introduce cryptocurrency to the masses. If anyone can reach the people, then it would have to be Facebook. Their reach alone extends around the globe. They will single handedly hip people to the utility of crypto currencies. Sweet!
The only downside to this is the fact that Facebook is centralized and the main attribute that Satoshi was trying to push was decentralization. Still, this is going to be big!
The only downside to this is the fact that Facebook is centralized and the main attribute that Satoshi was trying to push was decentralization. Still, this is going to be big!
May 26, 2019, 09:06:01 PM
The only thing that I expect in Facebook's coin is that it will make cryptocurrency more popular to people. I don't expect it will contribute anything like technology to crypto world. Mark Zuckerberg is a cunning old fox. He just tries to benefit from his users.
May 26, 2019, 08:07:43 PM
To be honest we should tale this crypto initiative from fb positively as i think it will boost confidence among general public as fb has millions and millions of active users and also people will be interested to know and invest in other mainstream cryptos that will eventually help in adoption and market growth.
Yeah, I also feel we should embrace it wholeheartedly since it only shows that crypto is becoming more mainstream and this could be "a light at the end of the tunnel" so to speak. And when it happens, I think it will contribute to global mass awareness on cryptocurrency and I think more people will get involved in crypto than ever and that will be great for the whole cryptoverse in general!
May 26, 2019, 06:08:52 PM
To be honest we should tale this crypto initiative from fb positively as i think it will boost confidence among general public as fb has millions and millions of active users and also people will be interested to know and invest in other mainstream cryptos that will eventually help in adoption and market growth.
May 26, 2019, 05:39:21 PM
I think it will be the most usual stable coin, only very popular and convenient to use. I do not like Facebook and their policies, but I will be glad if they cope with this task.
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