Bitcoin Forum

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.

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?

This had been rumors since the last bull-market and facebook even banned cryptocurrency advertisement temporarily which speculated that Zuckerberg is starting to learn and study more about crypto and blockchain tech.  Would be a good step for crypto since facebook is one of the most famous social media platform, and it will help on awareness and adaptation of crypto and blockchain technology.

Would be waiting for further and official statement of the CEO about this. Still worth sharing and reading.

I can understand buy the rumour and sell the news thing. But there is no rumour anymore. It is just like a gossip :)

The truth is right in front of us and we choose to ignore it. Facebook has no interest in crypto just like other big companies(Amazon, Apple etc), but they are all only interested in the tech behind Bitcoin : The Blockchain.

Don't expect them to suddenly declare their support for BTC anytime soon.

Facebook coins were still in development. they are not planning to let it out easily and finding a good time to announce the latest development. the press has said it is their secret project right now so there is no information available for users to know their progress. but as we know facebook does has a lot of data about users and they have the previous experience with Facebook balance.

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.

It's true that rumors about Facebook will issue their own coins since last year and until now there is no real evidence from Facebook to develop the coin.

In my opinion Facebook will indeed issue its own coins, but Facebook itself does not want to be serious about it and I think in the future when digital currencies become popularity, Facebook will really be serious about this Facebook coin.

You are absolutely right. I don't know why there is a misconception among people that implementing blockchain has something to do with bitcoin.
Many times people misinterpret the context and think that if a big company like Facebook is implementing the blockchain technology then it will increase bitcoin's price.
Bitcoin doesn't work that way. Although it can indirectly increase it's price if the companies decide that they will sell their coins/tokens for bitcoin but that is not guaranteed.
It depends on the purpose of creating the new coin.

This has been a long time rumor but the fact is actually visible.
If Facebook would really adopt cryptocurrency and would launch its own coin, then why does it have to ban crypto ads?
If we'll just figure things out well first, Facebook doesn't need any coin because it stands firm on its own.

Social media giant like Facebook developing a digital currency will be a big pish to the adoption of cryptocurrency and the blockchain and we have been waiting for they official launch for some time now. Considering the fact that Facebook banned crypto related ads on they platform hope with they intention of developing one may lead to the lifting of the ban in the future.

JPM Coin and Facebook coin are only the beginning. Rumours say that Nike is planning to launch their own crypto: https://www.ccn.com/nikes-surprise-crypto-play-could-steal-facebooks-thunder

Expect more multinationals and big companies to release their own crypto in the future, they've figured out a way to create a new revenue stream. Corporate coins will be the new "shitcoins" polluting the crypto market, mark my words.

The rumor is coming into reality, those hints that we've seen before of facebook hiring blockchain developers and managers. They are taking it to the next level of improving and adopting blockchain technology.

And as usual part of that adoption, they are making their own FB coin for which is going to be centralized. This will be just another source of income for facebook like you said they will probably add service fee and since it's on the trend, they shouldn't miss any of that. I don't think that their coin is likely to make noise for a long time.

The proposed Facebook coin will have positive impact on crypto adoption, Facebook has billions of users and they could easily integrate a crypto-payment option within every account. The Facebook coin will however not be so Mich of what we except of crypto currency as there will be too much centralization and control

It may sound like that, but we couldn't know the real thing. What if they're working on silent and the last time I checked they will raise billion dollars to fund the project. Do facebook don't have their own fund to support the project? I mean its BS that they'll raise billion dollars for it, perhaps it's too much.

That's just a rumor, like it is often said that Telegram has raised a lot of money and is preparing to release TON. But there is no confirmation from the developers of big companies that they will release their own coins. I think until the government makes specific rules for crypto, big companies will to join and release their own coins. Legal issues are a real barrier for large companies entering the crypto market.

that is not electronic money, they already have electronic money anyways, what they did was to take advantage of the hype of the blockchain technology and attempt at raising millions of dollars in a blinking of an eye. otherwise what they created and others will create is a useless token.

WRONG. the weak point is their centralization and the corruption that has always followed that centralization and the power they gain from it.

It's probably easier for a company to release its own coin right now while there's no pesky regulations and rules which limit what they're allowed to do with their coin. A majority of businesses likely don't have any reason, need, or want to produce their own crypto. Most of the time it would be a drain on the company to finance such a project and they'd have issues integrating their crypto into their respective platform. That, and they'd have to consider whether it would be worth purchasing the extra hardware to maintain their own crypto's infrastructure. Telegram is one of the applications that have a company which isn't interested in cryptos, no matter what rumors you may hear. It's probably someone conflating normal telegram crypto groups with some idea that the devs behind Telegram are going to make their own.

Its not rumor anymore, i dont remember now but its name is known already.i suppose they will declare it 2019 q4.it will be one of the most important news while we are in bull season

Facebook and JPM is not doing anything new. Whatever coins they have issued or they are going to issue, will be just a virtual representation of the fiat money and no one can use those coins to buy anything outside their website! So it really doesn't matter whoever so called biggies they have in this project, they can't be called cryptocurrencies. They probably have the structure of cryptos but can't have the nature of usage of ceyptos. That's the reason why a majority of the community members are least bothered about it!

I think, despite some hostility towards cryptocurrencies, which Facebook showed last year, the management of this IT-giant caught the trend correctly. Currently, there is a unification of various functions in social networks, as demonstrated by the Chinese WeChat, which introduced the payment system. Then Telegram organized a closed ICO, intending to implement TON tokens into its instant messenger. At stake are tens of billions of potential profits that the IT giants do not want to miss. Therefore, Facebook is also engaged in the development of a payment solution on a blockchain basis, which users will undoubtedly like.

Facebook is a very big and powerful company.  Which and eet very strong programmers.  I am sure that the goals that Facebook has set for itself will definitely be achieved.

JP Morgans are yet to launched their coin, they only spoke of launching which they may eventually not launch it, more so Facebook coin will just be use as a payment purpose and may never have impact on the market. 

It is no coincidence the Facebook suddenly did a 360 on their decision to ban all Crypto currency advertisements. They knew people will call them out on their decision if they suddenly launch their own Crypto currency token or Blockchain based technology and started to advertise it aggressively.  ::)

Facebook and other large social media giants have to keep up with the latest trend in the industry or they will fall behind and lose market share to other companies that follow the latest trends. Blockchain based technologies are the latest trend in the financial industry, so it is logical that they will develop something that are based on it.  ::)

Facebook are currently different from when it was first launched, there are many features available in it and always follow social media trend and provide more experience to users from time to time. Facebook is currently very open to all technological developments around the world and want to expand its business. Facebook's interest in cryptocurrency in my opinion is true, Facebook always targets business opportunities so that it can be in line with Google, which has become a variety of technology information business pioneers.

With the ever evolving technology, I guess it's fair to say that Facebook will adopt in electronic payments. Well they have started it when streamers got payed through electronic payments. Adopting on blockchain would also be another step for Facebook's evolution.

I am very confident that Facebook will certainly issue its own digital currency, this giant social media has recruited experts to handle cryptocurrency and blockchain technology. Facebook also wants to introduce cryptocurrency to the mainstream. The company wants to allow users of the WhatsApp chat platform - to send and receive money through the application. This will also allow Facebook users to send and receive funds instantly.