Bitcoin Forum

“If Facebook launches the stablecoin they are reportedly building, it will quickly become the most used product in crypto,”
read more here (https://www.coindesk.com/facebook-is-working-on-its-own-stablecoin-for-money-transfers-report)
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  ;)

if a facebook coin comes on the market, that may change the crypto market. i am not sure if it is good or bad, but it will certainly make crypto even better known. maybe that is the way to go to mass adaptation, or the demise of bitcoin.

This news does not surprise me at all. It was very clear that all big campaigns will create their tokens. It seems to me time has come

I do not quite understand why this coin should become the most popular? Why do Facebook users need it? What they do not like fiat money? Too many questions ... I think it's just a desire to follow the fashion, nothing more. It is curious to see what happens.

If some big company would launch its coin, it would automatically become the most used coin in the crypto currencies space. Imagine if Amazon would launch its own coin or Microsoft or Apple. It would be a big push for the whole industry.

Facebook will start a war against cryptocurrency for the sake of advertising its Stablecoin. I think they will not wage a fair fight. Will be interesting from the coin for investors?

I have read this article and am very happy to hear it, and this is good news for the crypto world. Companies like Facebook will adopt Crypto will definitely increase the trust in crypto coins
I like this quote

First of all, it will be for cash transfer in India tells Bloomberg. It’s strange how quickly opinions change, yesterday they against cryptocurrency, and today they are developing their own.

yes, and not only facebook seems amazon too
you can check this discussion thread https://bitcointalk.org/index.php?topic=5082008

i hope all the good news in crypto world, will become true, not only a hype  ;)

So the rumors before last year when Mark Zuckerberg stated to his facebook account that he will take a look at cryptos. He confirmed that by this year by hiring blockchain experts.

The only question on my mind why stablecoin? we got plenty of it.

I hope they're forbidden to sell their own coins. The things they do with what they're doing are exactly opposite to each other. It is inevitable that the elders in the market try to manipulate everything in this way, but I cannot stand to make it clear in front of everyone.

because this is the best option for Facebook. Any coin is subject to both a rise in price and a fall. During the fall in prices goes negative from people.. Let there be a stable coin, so many users will get acquainted with the cryptocurrency

Facebook is a big campany, if they intend to develop a stablecoin, it will be a good sign  for cryptocurrency market. I hope there will be many good news like  that in the future.

Wow Facebook want a chunk of the pie. Well since they have the resources and manpower .why not ?

it is not surprising to me when l saw the news yesterday, they were among the big tech companies that ban crypto currency  but  now they are build their own crypto currency . this is simply social media manipulation deceiving people to stay away from such crypto advert. this is the reason to keep doing what you  think is good  and profitable at all time with fact and not with FUD that is been spread all over the media. cryptocurrency is replacing fiat currency gradually

of course big social networks will create their own cryptocurrency. it much more convinient than using different third-parties inside the platform.

When Facebook banned marketing of cryptocurrency on their website, it was already clear that they were planning to create their own cryptocurrency.

Good news but I doubt about it being "most used product in crypto". It would be a single purpose means of payment (largely used).

with the development of the era towards the digital era, in my opinion this is not surprising if facebook starts using crypto technology too. in my opinion, crypto will be used for daily needs

Wow this is an interesting development..with the development of face book cryptocurrency token the popularity of crypto will increase so as its mass adoption

Yes i think it will be a massive event and after that more and ecommerce and online giants will follow, overall we can say that slowly but surely everyone will become part of crypto market and we have massive times to come in terms of crypto prices.

Would really be surprising to see how cryptocurrencies will pump up as quick as possible but there isn't a verified news regarding facebook creating their own blockchain coin.  We heard the rumors several times but there ain't quite a real statement from them, if it does happen do you think it will be added on crypto exchanges?

There is a big number of facebook users around the world. I don't think it could make it to the "most used product in crypto" but I believe it could at least help share the awareness of people to cryptocurrency and hereby could add in the demand.

This will be a double advantage for Facebook because, in addition to their applications being used by everyone around the world, they will also succeed in launching ICO for their application. Obviously, I am looking forward to what will happen in the future.

Nope, I won't think that they will be getting to the market. Since its stablecoin, it means they have their own market to protect the stability.

I did not expect a stablecoin from facebook, that is really surprising for me. This is certainly a big step for crypto to finally become mainstream. Nice!!  :)

If anything this coin will be used for its probably for the advertising fee on their platform.  Facebook will not just be on NASDAQ but will also be in the crypto market in that case. Must be a win-win for them. This news had been circulating for awhile already there must be truth about this.

I also like you have a lot of questions in my head. What will this stable coin serve for? Facebook wants to make money on everyone's hype? Or Zuckerberg is looking for a place where he can store Facebook shares without loss.

This could potentially create a new era of using digital coins for online transactions. The first question that comes to my mind is what could possibly happen to other coins if this will create another competition among digital coins. Specifically we know how popular bitcoin is, but facebook is a place where almost all people from all walks of life stays more often, could it potentially be a threat to bitcoin? Certainly this question are hard to answer not unless if we will know more about this facebook coin in the future.

It turns out that when they banned the advertising of crypto-currencies, they simply hindered the development of competitors)

Most popular, do you think more popular than bitcoin? I do not think. Yes, the price of such coins can have a high price. However, it is not known when this will be done. I heard about it for a long time. However, there is no reliable information about the launch of the development of Facebookcoin.

Although I don't really like facebook to get its hands on everything, making a stablecoin is really difficult because of the nature of cryptos, it would have to be something centralized and for that, they create their own motto like facecoin or something like that, in the end, any adoption is welcome.

This is great and it means many investors will be on the way to cryptocurrencies market.  If facebook Owners can create their own coins I seriously believe that this is going to provide ways for cryptocurrencies development and blockchain technology adoptions and governments may likely began to understand that cryptocurrencies and blockchain technology is here to stay and they cannot kill it as powerful people that controls countries economic has come in.  I just go through this tweet now and it really seem that this is real and stablecoin is on the pipeline.

few days ago, i'm reading some article are facebook implementing blockchain technology in their system, my question "but why facebook ban all ads about cryptocurrency in their platform" although facebook now trying to implementing blockchain

Nothing surprising, it's time for such a large company like Facebook to acquire their own coins. And for cryptocurrency, this is great news, since so many people will find out about it and start using it!

I am seriously thinking that the Stablecoins will be the ones that achieve mass adoption for payments and not BTC.
The downside when holding stablecoins is, that you are still in the same fiat based economy, while BTC will be the hedge.

There's no doubt that the masses will use this Facebook centralized shitcoin, so there's a small chance that somewhere in the long run some of those people might be interested in cryptocurrencies that offer way better security and aren't completely centralized. So, even if 10% of the total userbase of WhatsApp somehow gets curious about other cryptos (I mean, major ones like btc or eth), there's a chance that those cryptos could finally reach the mainstream public. Looking forward to see how much of an impact this will have in the crypto space.

wow this is new, if facebook is really stabilizing their own coin to be used on its platform this will be the biggest mass adoption in the history of crypto. imagine there are many business opportunities that they can get from this stable coin. if this is true I might be one of the holders.

if that really happened it will certainly become most used crypto product.
it would be one of the big promotions to make people aware of the use of cryptocurrency.
because there are so many Facebook users, many people will know what cryptocurrency is and what its use is.

Well, the most popular probably will not, but will be in great demand. Yet Facebook is a giant of social media industry. We are waiting for new news about the development of their own stablecoin.

Do you have doubt about such event? I think we will see more and more. But now I don't understand for what we need such tokens as Kin or Snt. How will they compete with giants without so big auditory?

yes we must wait for its development. I am this will be an extraordinary thing. we know Facebook is one of the biggest social media at the moment. and surely there will be many prospective stable users of their coins without even having to do a promotion.

Facebook already have a blockchain team and it just matter of time for them to release their own utility tokens to be use in some of their applications. I think it's to early for them to release a stable coin and they are just making research and getting to know the blockchain technology.

that impresses me already, that facebook brings a coin on the market. even it is a stablecoin, it is certainly a good thing for the acceptance of crypto. as a result, many new people will have contact with crypto, and this is very good.

Indeed. I think it will be widely used in 3rd world countries, especially for unbanked people. I think we will start adapting to cryptos within 10 years without noticing it.

It is quite possible that Facebook thus wants to secure its shares, if it succeeds, then all large corporations will follow this example.

Facebook is able to create a coin that will become popular in a short time, as Facebook has the largest audience. I think that if Facebook creates a good coin, it will quickly break into the top.

Most likely facebook will eventually have its own virtual coin for them not to be left behind in case cryptocurrency boom suddenly. Now, with the influence.of facebook, that is already free marketing.

it would be very good if such a financial giant as its notebook would enter the market of multiple currencies. it would be a very good push up

I’ve been waiting for a project from facebook for a long time, I think we’ll see a promising cryptocurrency, it will quickly develop

I have seen this news in one of the crypto platforms. This coin might become the biggest ever considering the already global adoption of Facebook itself.

Yes, I've just read this news. I think it's great but I remember how the developers of Facebook badly said about cryptomarket. And now they entered our territory. But every new huge participant on the cryptomarket is very good.

I read the news today, the truth is blockchain has come to stay it's just a matter of time and the whole world will have no choice than to adopt it. Facebook is already on its way.

i think this stablecoin created by facebook team will not replace bitcoin,,
the OP just said, if this news become true, "this coin will become the most used in crypto",,
maybe people who want to run an ads on facebook should pay with this facebookcoin my friend,,
as we know a lot of ads run in facebook right ?

it is not a form of doubt of without guarantee that facebook is at the verge of developing their own blockchain or cryptocurrency as the case maybe but the technology of decentralisation give you entire freedom to choose what you want and how you want to design a system that will be entirely controlled by individuals from different locations of the world and have some degree of security and trust to be an inmmutable system where data can be called in real time and not copied or duplicated.

If Facebook releases cryptos, it will be trendy in the cryptocurrency market I think. There is no denying the fact that the significant impact of Facebook on the people in the world so that I think the investors will spend so much money on Facebook coins. After Facebook launching cryptos, I think a lot of companies will ape.

if it is the currency only for WhatsApp messenger then i doubt that it will be the #1 digital currency. From other side it may be a competitor for GRAM (Telegram currency) and it is definitely good, we will have a healthy market with a healthy competition.

The main question is if it will be tradeable on the exchanges and against bitcoin. This will make it a proper crypto currency, or they might just make a product that is only usable within whatsapp

if what I see, this coin will be applied as a standard of use or payment for all transactions on Facebook, such as payment of advertisements and other things that require payment. In addition, the amount of traffic every day on Facebook will also be utilized as possible by giving free coins

They have advantage and disadvadisadvantages of that. Because advtange they can help to the cryptocurrency to increase again but the disadvatange of that is maybe other company will go to the facebook becubecuse they are more powerful.

The key word here is "if"... :)

We need to admit that governments may have another plan for crypto :)

Of course if such companies like Facebook, Whatsapp, Telegram will popularise crypto we will see a Golden Age of Blockchain here. Can't even imagine what figures we can reach in this case :)

Wow.. It is a big news. I agree if Facebook launches their own coin, it should become a favorite coin. But I think too early saying it as a stablecoin.  ;D
As the popularity and the success of Facebook, it will definitely be attracted people around the world to participate. I'm curious about the next update later.   

It depends to them if they really want to create their own coin and for sure it will be successful. But I reallly believe it will become more popular than the other coins because facebook are popular too and they will use they influence to up the value of their coin if they really want to create.

I have been reading and hearing about Facebook lunching her own coins, but it is yet to happen. Seeing this now, i asked myself, when it will come up. Well, let's see if that will happen. Such coin might be centralized, except there they are looking at it from a different angle.
The only thing that might make me to trust it, is because of the integrity Mark has built over time.

It will be a fantastic news if Facebook will run their own stable coin. I think that first who did it - become a sucsessfull project and will be like bitcoin - firs born and thats why strong. Sure that we will see a great chenges in IT world and crypto soon.

Has a valid point but we would like to hear it coming from them directly.

It's a wise choice for them to get into crypto's and start making payments through whatsapp with that since in China there's Alipay made by Alibaba but that's not a cryptocurrency.

I have read through and know that there are many of us who wish this life, but they also said that it is still far from issuing this coin. Because there are many obstacles in the cryptocurrency market with ordinary users

yes,, and i hope we can see the development from this stablecoin of facebook will be started on next year,,
because, its not easy to build a stablecoin, for a huge company with massive users like facebook my friend

Facebook is preparing for the era of cryptocurrency. At least for now they better start preparing for this scenario. Also, developers of facebook have seen the potential of cryptocurrency, it is inevitable. If this will happen, facebook has already the advantage of promotion and covered community. The marketing strategy would be easy for them.

Yes right, Facebook plans to launch Stablecoin to be integrated with Whatsapp, which means it will allow users to send money via this messenger application. But it seems to be having a lot of problems, considering that currently Whatsapp relations with India are not good. On the other hand, Cryptocurrency has not been legalized as a legitimate payment instrument.

This is what actually we are waiting from long time. Whether later good effect or just the opposite. We already know facebook became the first social media that is widely owned by people with a variety of excellent one features of them is facebook ads. I think they also will not be difficult to introduce to the community it's just that we don't know yet the direction this project is going.

If facebook creating their own cryptocurrency for their platform, i am believe it will great news for cryptocurrency community and market. Facebook is good and establish company and most people in the world using their platform. If this happen, cryptocurrency adoption become reality and come closer

We have already heard something similar about telegrams and Pavel Durov. I hope Facebook will be easier and ICO will take place in the near future. Very interesting what the soft cap set ...

It seems to me that if Facebook will create own coin it will be a failure.  I mean, own coin for what? For buy things online? How will it be different from ordinary money on your plastic card? I don't understand it. I think that many people will not understand it in a future.

CEO said he intended to study encryption and the blockchain to “see how best to use them in our services.” https://techcrunch.com/2018/12/21/facebook-stablecoin/?utm_source=tcfbpage&sr_share=facebook

Every technology savvy, economist understands that cryptocurrency is indeed the future of monetary transfers and there is no need living in denial. Facebook has made a quick good move to secure its position in the cryptocurrency market before other giant companies join in

It is also worth considering the fact that Facebook is the largest social network and therefore introducing your coin on Facebook, it will be distributed immediately everywhere.

So Facebook is now planning its own coin after the initial threats it will ban cryptocurrency related activities from its site? This is very interesting. Next is Twitter. They will all join us.

It would be great if ever it will come true but come to think of it, will it really be that good or would it affect the msrket that much. Facebook is so popular and if it's coin would be popular as of it's use then it would be great.

This is a pretty good step on Facebook. see facebook already has a big name, of course, it becomes a great capital for Facebook to create and develop their own coins. In addition, the existence of this must be good support for crypto and at least many hope can raise the value of the crypto again.

What is said in the tweet is still just "if", i think there is still no guaranty about that will really happen.
and if that were true, the coin should be fully usable to be able to compete in crypto world.

That will be a good idea.Am sure it will surely attract the community because Facebook itself has got millions of people on it which will make it easy for them.

It will surely be a welcome idea for the community if Facebook can come up with that,i am very sure it will attract the community and it will make it easy for them to build community.

I personally think it has nothing to do with bad influence on the crypto market. Because, why these big companies don't just adopt a ready made crypto coin or token?!!!

Because they are just selfish and want their brand in the market.

I like this message via a facebook coin.
If even a big player like facebook enters the crypto market, that is certainly good.
I am very curious if and when the coin comes on the market.

of course they want to make money with another way,, my friend,, and maybe thats the reason why this comapny do not adopt ready made cryptocurrencies..
because, if the facebook coin run an ICO, i do believe they will collect a lot of money, because this company is huge

based on the fact that Facebook has a lot of users, it is likely that creating your own cryptocurrency, it will be very popular.I am also sure that the very fact of using cryptocurrencies will attract even more interest in them.

I wait for it. Telegram was first who announced. And FB is the next. I think any restrictions that FB made for ICO and crypto ads have a strong direction and goals. And today FB can allow ads and will make own crypto. it looks like joke but in reality it can be those mass adoption that we wait

With its popularity, of course, Facebook will be facilitated more easily in promoting and spreading the coins they make, this is really a good strategy because they realize that what they are achieving now really helps their new project.
and I am believe that there will be many big companies like Facebook will enter the world of cryptocurrency

You tell me, what's the use of this news for us? :)
Another stupid stablecoin bound to fiat currency, what's so wonderful here?
I don't see any reasons to feel happy about this news if you want my opinion. Nothing happened in fact. Facebook owners will become more rich, we won't.

mass adaptation, we come closer to you in my opinion. that facebook brings out its own coin, is already big step for crypto. i am looking forward to it and i am curious if it makes crypto really suitable for the mass adaption.

the point from the news above is, a huge company start using blockchain tech,,
and this is a sign if this tech is the best tech at this moment buddy,, just be ready for the next bull if a lot of huge comapny use blockchain tech by use and old crypto or create their own cryptocurrencies  ;)

I think they are just preparing it in case of blockchain really becomes mainstream, they are just playing safe by following the biggest technology breakthrough, if small and big company can succeed implementing this, why not a giant company like them.

It would surely bring a lot of investors to the cryptocurrency space because Facebook is one of the largest social media out there and when they did create something, it will surely be popular. This is interesting as they are one of those who is against cryptocurrency and now they are creating one.

if facebook develops coin it will be huge blow to other crypto currencies.

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 !!!     

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

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.

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.

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

If Facebook will release its coin, I think it almost immediately fall into the top 10) I wonder what will be the price)

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

Guess they want a Piece of the action

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.

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  ::)

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.

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.

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.

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.


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.

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  !!

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.

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.

anithing wete we can buy that baby??????

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.

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.