Finally Facebook Has Established New Fintech Firm in Switzerland

[bartolo]

Facebook does not need to create a new company to launch a cryptocurrency, if they are doing this it's for another reason, most probably, a strategic investment. On the other hand, fintech does not necessarily mean blockchain.

[akela04]

I think bitcoin and eth are now have a great opponets that is facebook crypto. All we know that facebook is the most popular social media so I think people can easy adopt and patronized fb coins easily. I hope it has a more security features so it people will not afraid to invest even it is a new crypto.

All what we hear is rumors and news that are unverified. Has the owner of Facebook come out openly to talk about the Facebook coin yet? If it really happens, I think it will have a great impact on the crypto space cos already many are looking forward to it.

This news is official.  Facebook has indeed registered a new FINTECH company, Libra Networks LLC, in Switzerland. I think it will be a breakthrough in the crypto space, it will be very interesting.

[coin-investor]

The rumors of the Facebook crypto project is getting clearer on daily basis, now over the news, it is said that Facebook has form a new Fintech Company in Switzerland.

Full story here: https://www.cryptoinformers.info/news/141-facebook-forms-new-fintech-firm-in-switzerland

It's a preparation for their grand entrance to cryptocurrency, after all these years they will soon have one, maybe this is what we all need to attain another all-time high, honestly, those huge drops after the all-time high made people think that Bitcoin is a bubble that finally burst with a second all-time high we can erase those notions.,

[Pamadar]

I do not know the truth of this news, but I believe social media will someday use cryptocurrency as a payment tool, let alone we know that social media is now the easiest way to develop cryptocurrency, such as Facebook used by billions of people in the world, the potential for development will very large.

And for sure that's the very reason why FB is doing this stuff, even there's no clear statement yet from the team behind facebook the very possible thing that they will do is to create their own crypto for dealing with payment process, we also knew that facebook have advertisements and some businesses that being performed inside this social site, it's easy for them to adopt and create this system for much faster process.

[Skyshark]

I've read in one of the media reports that Facebook had indeed set up a company in Switzerland - the "Libra Networks" that will focus on blockchain and payments. Stated also in that report was Facebook is currently working on the development of its own digital currency which will be called “Facebook Coin", that will be functional over the company-owned WhatsApp network.
If this is true, will this be beneficial to more than 2 billion FB users? I still cannot picture clearly in my mind the real purpose of this Facebook Coin.
However, i'm still giving the benefit of the doubt to Mr. Mark Zuckerberg - up until he fully explains and/or acknowledge the reality of this reports.

[jossiel]

This isn't an official statement from facebook. Yes, it's their firm in Switzerland but it doesn't mean that it's the rumor that they are going in for the stable coin. We have not seen any announcement from facebook about this kind of matter.

A kind of report, a rumor, we still don't have validation. We can misunderstood that it's part of their expansion, I have read the article and searched for other related articles and majority of them says that facebook should public it already to break the rumors.

This could just be another type of their marketing. Spread as many rumor or teaser so the public will remain engaged and talk about them every now and then. They need to stay relevant in this fast changing crypto market.

They want the attention of the public focused on what they are developing. As crypto is on trend now, they are riding the hype but if its a real project and development for their stable coin, crypto will also get the attention from their users.

Why people like this kind of rumor/news is because it's a big company. And while we're waiting for their announcement, a lot of articles are coming out to attract more excited people about them.