GlobalCoin by Facebook - speculation. - page 4.

encycrypto

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Quote from: TimeTeller on May 24, 2019, 06:19:11 PM

For article reference -

https://www.coindesk.com/facebook-to-roll-out-globalcoin-cryptocurrency-in-2020-report-says

I believe the chance of making it big in crypto is high as it is already backed by solid company, which is Facebook.
So no doubt, they can initiate their developments even without holding ICO, IEO or any crowdfunding campaign for that matter.
But we still need further information on how this coin will have an impact in the crypto industry or what difference would it give to the community...

Quote from: jossiel on May 24, 2019, 06:50:37 PM

Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

Thanks for providing references guys!

This is an interesting development as I remember that Facebook once had even banned the cryptocurrency advertisements on their platform. Now they're going to launch their own.

rose9696

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I think it is normal for facebook to participate in the crypto market and it does not affect too much on other altcoins. because it is a stablecoin by default and investors cannot get any profit from it.
their purpose in creating a separate electronic currency because they want to pay the costs and services for faster crypto advertising on facebook.

maldini

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Yup, this news is true. Facebook will launch their first coin called GlobalCoin and this coin itself is a centralized coin like ripple. Yes, even though it's only a utility coin in my opinion, this coin will be able to compete with the top 10 cmc now.
And at the same time in 2020, there will be bitcoin halving, I don't know if that year will be the year of crypto explosion.

5ensei

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As it's just a stable coin it won't be worth investing in as the price won't rise. It will do wonders for bitcoin as facebook crypto coins will add more credibility for other currencies so it's worth stocking up on litecoin and bitcoin before this globalcoin comes out

styca

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It will be used to purchase things within Facebook, so it will be a stablecoin. It won't be something that you can buy early in expectation of higher prices later on.
It will be good for crypto as it will help to legitimise BTC and the rest in the eyes of the wider public.

But I think the underlying purpose of the coin, as with everything Facebook does, is gathering personal data in order to sell it on to third parties. They already hoover up vast swathes of personal data, but they don't know our shopping habits very well - with this coin they will.

HellDiverUK

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If this news is true then this is something very good for the crypto world, Facebook is the largest community and network on the internet, if the Facebook business uses crypto then new users will arrive and lots of fresh money will come in

jossiel

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

TimeTeller

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For article reference -

https://www.coindesk.com/facebook-to-roll-out-globalcoin-cryptocurrency-in-2020-report-says

I believe the chance of making it big in crypto is high as it is already backed by solid company, which is Facebook.
So no doubt, they can initiate their developments even without holding ICO, IEO or any crowdfunding campaign for that matter.
But we still need further information on how this coin will have an impact in the crypto industry or what difference would it give to the community...

samcrypto

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Its still an speculation, no one can say where it will be heading until we saw the real product. As far as i know Facebook is a giant company, and if they invest more on cryptocurrency i believe it will be a top coin already. I know this is a good news, and maybe more big companies in 2020 will show their own coin so let’s all be ready.

encycrypto

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Quote from: X-ray on May 24, 2019, 11:04:28 AM

Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I thought that facebook didn't even create an announcement about ETA of facebook coin. Some articles said if facebook has already contacted the crypto exchange site for that. but that coin will play as utility and that will be only become the currency that will have used in the platform.
Im feeling curious about where you get that clue about facebook coin will be launched on 2020?

I saw a ticker about that date (2020) on BBC.

I'll try to get some latest articles about it too, and post them here.

X-ray

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I thought that facebook didn't even create an announcement about ETA of facebook coin. Some articles said if facebook has already contacted the crypto exchange site for that. but that coin will play as utility and that will be only become the currency that will have used in the platform.
Im feeling curious about where you get that clue about facebook coin will be launched on 2020?

encycrypto

member

Activity: 294

Merit: 53

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Topic: GlobalCoin by Facebook - speculation. - page 4. (Read 779 times)