Facebook & Google creating its own Cryptocurrency!

[Pfizer]

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 anyone would 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.

Google, Facebook, Amazon, Tesla, they will try to develop their own coins. This is as expected, the crypto market is getting bigger and bigger as a result we'll see official coins too.

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[sheenshane]

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 anyone would 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.

Here our country mostly people used is Facebook and Google it is not possible to accept or adopt cryptocurrencies using this social media cryptocurrency will !such well known here for those not related in cryptocurrency world. But I don't think what will be the platform of this two big companies by creating their own tokens. Besides Facebook now used for promoting cryptocurrency one of that is btc.

[kaizerblitz]

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

[stompix]

Nice clickbait title /s   *sigh*

Why would they be interested in creating their own cryptocurrency though? Sure, they could probably implement bitcoin and ethereum and or whatever cryptocurrency will be dominating in the next decade; but I really don't see them creating their own cryptocurrency. If ever they would, it would definitely be under another company name.

The only purpose would be internal settlements for their services.
Google has google wallet, and Facebook has plans for one also.
There are other services like the ads which can use a token (not an altcoin).

The main advantage would be that both companies get over the headache of international currency settlements and bank transfers and unload all that banking deposits / withdraws / currency conversion to the exchanges.

Something like a self-checkout .

[lucky.mandy]

Why would every company come up with their own crypto currency if it is a mere copy of bitcoin,then there is nothing worthy about it,if they can come up with a better technology which super seeds what bitcoin can represent to the world,then there is a big opportunity ,but people are here in this platform because it is decentralized and people are not looking for a centralized solution.

Why not? Before there was Facebook there was Friendster right? Before Google there was Yahoo. Having a decentralized currency that is accepted in the market is really an open opportunity waiting to be explored. I think it's more practical for them to create their own brand than to use BTC since BTC has already reached a value that is way too high. Why not create your own when they have all the technical know how and capability, a better branding and access to potential investors. If this two Big companies Facebook and Google will create their own cryptocurrency it will be an instant hit. And more companies will be joining in. The future of Cryptocurrency is bright.

[lucky.mandy]

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 anyone would 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.

Google, Facebook, Amazon, Tesla, they will try to develop their own coins. This is as expected, the crypto market is getting bigger and bigger as a result we'll see official coins too.

My thoughts exactly. In doing my research on Bitcoins, I think everything started from an idea. The idea was sold, rejected, accepted, copied, innovated and so on and so fort. Years after the idea started, it actually gained value and was generally accepted by people. Although governments are against it nothing could be done since people believe it has value. Since it has gained much value big companies started to notice it and it becomes a trend world wide. If you are a big company and you see an idea having value now, will you not copy the idea when people has so much belief in it? I'm talking about Bitcoin by the way. Well I hope I could have my own idea that will be generally accepted by the people and earn much profit from it. Being accepted doesn't necessarily mean being centralized.

[reme.auditor]

If this thing really happens, I will definitely invest in it. Although I believe the probability of Facebook and Google creating their own cryptocurrency is low.

[adiksau0414]

Is this for real or just thebpissibilities that those big companies want to compete with bitcoin? I believe There's the possible they might create their own coins,  they are big business, creating such coin can contribute big to their future.  Like they can use it in purchasing their products online. If ever this will happen bitcoin might loss its value but not that big,  after all its the most popular coin in town.  If ever all this business will also use bitcoin,  not just only skyrockeying to the moon but also Bitcoin will be at is peak that many people would imagine.  Let's just wait for that time comes and be rich.

[Koreaforever]

Creation of a crypto-currency alternative of shares will reduce their fiat value.

[adamcro]

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.

If for example FB introduces its own social cryptocurrency, it's gonna be a blast. They don't have to become decentralized they only need to introduce cryptocurrency

[silent17]

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.

In our country, Facebook is the #1 social media. So I think if they will gonna create their own crypto, I will definitely support them Because I believed that if they are already #1 in our country, many people in our country will also support them.

[jubalix]

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.

[Andre_Goldman]

Will their "cloud mining" be profitable ?

[SUDARMONO]

it is very good for bitcoin owners if all that happens and I will welcome it with pleasure and I hope it happens, with very high bitcoin value will be increasingly billionaires in this world.

[Opquar]

it is very good for bitcoin owners if all that happens and I will welcome it with pleasure and I hope it happens, with very high bitcoin value will be increasingly billionaires in this world.

Why would it be good for us? It is unneeded competition.

[Naoko]

I don't understand yet how this will be used...but if they decided to do it, it means there's a sense...a new era of cryptocurrencies has gone...they are too much cryptocurrencies...

[maarx]

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.

It would be so good to have as many ICOs, either they are created by giant companies as you say or any by any one. BTC price has gone so far. If Google comes in with a crytocurrency, it would really have a good value. The team would really move into the market and conqure its place. They are very storng. But, they would not take over Bitcoin.

[audaciousbeing]

The thought of Facebook and Google having their own crypto-currency does not worth losing sleep over even for other countries coming on board. We have seen scenarios where countries have banned Facebook from operating within their territory which we can then say their crypto currency can then be easily banned in their country. Aside that, there is a report which Facebook admitted to have been listening to users via the speakers of their phones in other to tailor their advertisement needs that is a threat to independence, anonymity and freedom which bitcoin rest upon.

For me, I don't see anybody who understand the ultimate basis of bitcoin to support such projects both from Google and Facebook they should better face the business they are known for rather than venturing in places that does not concerns them.

[athanz88]

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.

If they make a new coin that is their own, i guess it will be popular but the thing is, it will be centralized, and they can do anything to your coin, including the price, as they will be in the charge of that coin.
It can be used as toy for them to do such evil things like money laundering, tax evading, etc (although people already done it with bitcoin, but it will be easier if you are the owner of the coin).
It will be just the same with the bank system if you join a centralized coin.

[ajmapalo22]

I think there are some ICO that introduce token for products and services like uber or insurance. This only means that there is really a possibilities that big companies will have their own ctypto currency to be use in the future. So if facebook or google will be having their own currency I will not be surprised I guess this is also good in the market of cryptos because this will only means that the future is about to adopt the digital market