Facebook Coin May Possibly Bring $19 Billion in Revenue

[ppblockchain]

According to Barclay, the Facebook coin that will be generated this year 2019, will most likely rake in about $19 billion in revenue alone. Currently, Facebook is prepared to debut its very own Cryptocurrency in the first quarter of the year.

With this announcement comes the forecast from one of Barclay’s analysts. Billions will be generated the analyst claimed.

Moreover, reports from CNBC claims that Barclay analyst; Ross Sandler sent in a note as of Monday to clients of the firm.

The note stated that the decision made by the social media platform to bring in virtual currencies all over its platforms such as Instagram, Facebook and WhatsApp will likely produce anything from a range of $3 billion down to $19billion in an added revenue by the year 2021.

Read more : https://paperblockchain.com/facebook-coin-may-possibly-bring-19-billion-in-revenue/

[hell_slayer]

This is very good news for the cryptocurrency market. Last year, the fall of the market was supported by the news of the prohibition of advertising cryptocurrency in various search engines and social networks, and facebook was one of them. It turns out that they prohibit advertising cryptocurrency, and at the same time they themselves release it ... I can not say that I support it, but the fact that such a giant like Facebook launches its own coin will defenitely benefit the market

[anatolij.shishkin]

Well, it does not surprise anyone. Because these sites are leaders. The number of users rolls over. Advertising. Monetization. Other services. In principle, this is the way out to get extra profit.

[Strotman]

To, at least hypothetically, assume the cost of Facebook coins you need to understand what functionality will be implemented in it. So the assumption about 19 billion is akin to the predictions of John McAfee

[puremage111]

Imo, Facebook coin should really perform well
Judging from if they are doing the curator reward system with FB coins

Perhaps making people start earning revenue with content they posted
They should actually start doing these like how steemit do it

[siorapokk]

Amazing news guys. Finally we are going to start the raise. We just need more news from such giants as Facebook. I do not think that it is officially confirmed but as soon as it will, the new age of crypto will begin.

[Bttzed03]

Yeah I've read that news earlier. I will not be surprised if that happens, it's one of the most popular platform with billions of users after all. I also expect non-crypto facebook users to participate or enter crypto out of hype.

[ridha inoue]

What Facebook coin, wow that look so great info if facebook want to make their own cryptocurrency.
Let's we hope that cryptocurrency will be the next future of system money in the world.

[ven7net]

Well, here's another news in favor of the development of blockchain and cryptocurrency. I believe that Facebook can easily get an impressive amount of income after launching its cryptocurrency, since this social network is commercial, which means it already has a good profit. Own cryptocurrency will help to be in trend and uniquely increase profits. In general, we are witnessing the integration of blockchain and cryptocurrencies in social networks. This is a very good indicator, so it is most likely being done just before the new rapid growth of the crypto market.