Facebook & Google creating its own Cryptocurrency!

[smith4cris]

they can't.

central orgs cannot really make money out of crypto when you think it through.

There is no way for them to make a large profit.

If anything crypto's spell the end of google and face book, if you think it through.

eventually an app will arise that will suck all your data for you out of face book and put it onto a blockchain solution and advertisers will pay you to be there, rather than FB, so cutting out the middle man, an cheaper for advertisers, and you will control your data.

FB is a dead man walking.

the winklevi, will eventually surpass Zucks by some large margin.

Not necessarily. I mean if their is a growing market for cryptocurrencies and if we truly believe that cryptocurrency is the future why wont facebook, google and other big companies create another cryptocurrency of their own. It may not be directly under Facebook or Google's name as long as it has their backing it will be sufficient to gain support from investors and consumers. Ultimately it will be all about profit. It will not be a bad prospect in the future since it only means that more companies are accepting the idea of cryptocurrency and BTC value will soar higher. If Facebook will go into cryptocurrency, the winkleve will it dust from Zucks. Just saying.

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[marielbeckham]

It's quite an expected thing for such "mastodonts". Still, it is thrilling to know how everything will go step-by-step. I'll  definitely keep an eye on the whole process.

[chess888]

If they have there own cryptocurrency but they cannot beat Bitcoin either Ethereum and i think it will not be popular as a crypto.

Why wont they be able to beat Bitcoin or Ethereum? It will not be popular as a crypto? If Facebook and Google will have their own cryptocurrency it will be a blast. If you research more on Facebook and Google I think you will be able to see what type of projects, particularly Google is going into. If they are buying out start up companies and other technology why wont they create their own money/currency right? They may not be able to beat Bitcoin or Either in the early years but the expected growth will be exponentially increasing by time ultimately surpassing any cryptocurrency/altcoin in the market.

[tanghere1]

Bitkinginfinity: That would be wonderful. Where did you saw or hear this news? I am intrigued, I want to know more.

[endlasuresh]

I don't think Google will create Crypto currency, but Facebook can as Zuckerburg is a misery guy who wants to make tons of cash. If these all people enters into the market, then their would be high price for Bitcoin.
A lot of Rumors has heard in the past about Amazon and still hasn't heard any information from them, just a blog post on crypto blogs.

[whoisyourking]

While we are discussing about this matter maybe these company are working and developing their own currency and also developing their own blockchain this is not impossible, the big deal here is promoting their own currency is piece of cake to these large company.

[xebecstyx]

And here I was thinking that Facebook and Google is into Bitcoin. If it will happen in the future I will definitely invest in it. In my country majority is into facebook and I don't even remember using other search engines except google. Nice Idea there. If someone could tell facebook to build their own cryptocurrency then go. I'm currently using facebook ads to sell my products and I don't mind accepting facebook currency in the future.

I think it's inevitable. Right now, bitcoin has been showing how big of a potential it has due to its every increasing marketability, and especially, value. I think it's just a matter of time, if it's not happening at present, when big corporations would try their hand in the bitcoin market. Whether using it as a currency to pay for their services and goods or using it as a mode of investment for them to stretch their profits. Facebook has always been a good marketer of many products, and if it will decide to make it's own coin, many people would certainly be encouraged to use and patronize it knowing facebook has masses of users.

[sirkings0003]

Your thoughts on Facebook and Google creating its own Cryptocurrency. I know BTC is the pioneer in cryptocurrencies and currently has the highest value but if this two giant companies will release their own cryptocurrencies I don't think anyone would want miss that. Its not impossible right? Similarly Other companies like twitter & Youtube and even UBER can also dig into cryptocurrencies. If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

Don't be surprise that they will not make much impact

[European Central Bank]

Companies will at most create tokens redeemable for USD.

Ain't no way in hell they will ever start to screw with the monetary system.

They don't have the skills and they're deep in government and old school finance pockets.

[gabbie2010]

Your thoughts on Facebook and Google creating its own Cryptocurrency. I know BTC is the pioneer in cryptocurrencies and currently has the highest value but if this two giant companies will release their own cryptocurrencies I don't think anyone would want miss that. Its not impossible right? Similarly Other companies like twitter & Youtube and even UBER can also dig into cryptocurrencies. If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

This shows that decentralization has been adopted by the two IT giants and there is the tendency of other firms to follow suit invariably popularizing cryptocurrencies globally and many investors will participate in their upcoming ICOs and this going to boasts the cryptocurrencies market.

[SHAWN-MIDWAYS]

Both facebook and google will have to keep up with the current competition from the likes of BitClave, Presearch, Nebulas and many others that already have a head start in this technology, and On the business side of things once these guys invest in cryptocurrencies it becomes a new product on the market which is either going to be a hit or a fail. Am sure these tech giants can't wait to explore the power of the blockchain.

While we are discussing about this matter maybe these company are working and developing their own currency and also developing their own blockchain this is not impossible, the big deal here is promoting their own currency is piece of cake to these large company.

This would be a game changer for us and themselves but would it be necessary for them to invest in their own blockchains or keep using already existing ones?

[Tony_Nguyen]

Your thoughts on Facebook and Google creating its own Cryptocurrency. I know BTC is the pioneer in cryptocurrencies and currently has the highest value but if this two giant companies will release their own cryptocurrencies I don't think anyone would want miss that. Its not impossible right? Similarly Other companies like twitter & Youtube and even UBER can also dig into cryptocurrencies. If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

They will have a lot of opportunities with huge investment and professional teams. Let's wait and see what can happen in the future.

[gabmen]

That just shows us that cryptocurrencies has reached a point where it has an effect or influence on major market players. Imagine the spike of the coin that two online giants  can make

[mOgliE]

Hi,

Indeed is large companies such as Fb or Google launch their own crypto-currency, it will hugely affect bitcoin!

Yet, I don't think this will happen for the moment. I guess that these companies have invested in bitcoins, "just in case" but due to the blockchain system, such currency are not really interesting for them. The control is unavoidable, there are tracks left everywhere... And they need fiscal safe places where they can avoid taxes. Bitcoin is not submitted to such taxes for the moment, but if it grows large enough, it will be. And such companies can no longer hide their activities.

So I guess they'd rather see bitcoin die. (But it won't  )

[bitcoinveda]

Facebook Google need to create their own currency  they cant rely on outside payment processors they should have their own blockchain every company will end up with their own crypto currency

[Zemomtum]

Your thoughts on Facebook and Google creating its own Cryptocurrency. I know BTC is the pioneer in cryptocurrencies and currently has the highest value but if this two giant companies will release their own cryptocurrencies I don't think anyone would want miss that. Its not impossible right? Similarly Other companies like twitter & Youtube and even UBER can also dig into cryptocurrencies. If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

They will have a lot of opportunities with huge investment and professional teams. Let's wait and see what can happen in the future.

Your idea is good because of course the price of bitcoins will increase further. Especially if large companies like google and facebook will make their own coins.

Yes it is especially possible that facebook founder Mark Zukerburg also knows bitcoins. Certainly when this happens the price is great in the market.

[GieM]

If those two company would launch their own altcoins, I would do my best to have funds and buy tokens from their crowdsale if there would be. That coins would be a good investment for sure.

[BrewMaster]

If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

this has nothing to do with them creating their own cryptocurrency though.
and the rise may not be not as much as you may think. of course it is kind of obvious that if the big companies start accepting bitcoin, the adoption will grow and the news alone will cause a big rise. but it won't be that big because if you look around there are currently big companies like Microsoft that do accept bitcoin payments. maybe not in the most obvious way but they do it. and price never "skyrocketed" because of it!

[iqlimasyadiqa]

Your thoughts on Facebook and Google creating its own Cryptocurrency. I know BTC is the pioneer in cryptocurrencies and currently has the highest value but if this two giant companies will release their own cryptocurrencies I don't think anyone would want miss that. Its not impossible right? Similarly Other companies like twitter & Youtube and even UBER can also dig into cryptocurrencies. If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

Big companies like facebook do have an opportunity to go in that direction. it could be that the cryptocurrencies they make can be applied in their own systems like to pay advertising bills and also to buy some premium features. of course with it then large companies can easily attract users. This is a consequence, but when I look at this time it is not there at all a scheme that will lead to it, it seems still takes a long time to be able to implement it.

But if all this happens then it will make the world of cryptocurrencies will be more interesting, in my opinion this is not a threat to other coin. This can even help improve the development and also the belief in cryptocurrency. we will see new records, this will be the day that I look forward to sometime in the future.

[radjie]

Your thoughts on Facebook and Google creating its own Cryptocurrency. I know BTC is the pioneer in cryptocurrencies and currently has the highest value but if this two giant companies will release their own cryptocurrencies I don't think anyone would want miss that. Its not impossible right? Similarly Other companies like twitter & Youtube and even UBER can also dig into cryptocurrencies. If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

These two companies are very familiar among the people in my country. If Facebook and Google create Cryptocurrency of course will not be passed by the people who are here because the important role of both companies is needed by the community here especially if to issue a crypto itself, everyone here will certainly feel the impact of its development. And of course bitcoin prices will skyrocket because bitcoin is the parent of all crypto that exists.