Topic: Facebook will issue "GlobalCoin" before 2020 - What do you think about this? - page 3. (Read 414 times)

What is crystal clear right now is that Facebook coin won't be a financial instrument for speculations in the cryptocurrency market since they are emitting a stable coin for internal payments to their social network.

Concerning the mass adoption (what is expected by the bearish market traders), I don't believe it will be a cryptocurrency in conventional understanding of its word (like bitcoin or ether).

The time will show anyway.   

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

I really don't like the idea to combine crypto with banks, but what i want to ask will Facebook name their crypto as "Global Coin"? I also think that this new coins can affect maybe old coins.

I am afraid of these upcoming coins. Facebook coin applied for licenses in UK bank, if they receive that they will become the first legally cryptocurrency used by masses.

It is good to see a major tech firm taking advantage of block chain to provide services for the users. Social network is one of the sector that requires dynamic progression otherwise some other comes in to steal away the traffic. Crypto based rewarding social networks has been started to take away some of the traffic from Facebook as they are more rewarding to both content creator and viewer and Facebook wants to retain its position.

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