Facebook to Develop its Own Stablecoin

[coinporch]

“If Facebook launches the stablecoin they are reportedly building, it will quickly become the most used product in crypto,”
read more here
Anthony Pompliano, a crypto analyst and founder and partner at Morgan Creek Digital Assets tweets about this
https://twitter.com/APompliano/status/1075951717399838722?s=20

mass adoptions in crypto is on its way 

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[none of us]

if a facebook coin comes on the market, that may change the crypto market. i am not sure if it is good or bad, but it will certainly make crypto even better known. maybe that is the way to go to mass adaptation, or the demise of bitcoin.

[10c]

This news does not surprise me at all. It was very clear that all big campaigns will create their tokens. It seems to me time has come

[mainthread]

I do not quite understand why this coin should become the most popular? Why do Facebook users need it? What they do not like fiat money? Too many questions ... I think it's just a desire to follow the fashion, nothing more. It is curious to see what happens.

[r_delossa]

If some big company would launch its coin, it would automatically become the most used coin in the crypto currencies space. Imagine if Amazon would launch its own coin or Microsoft or Apple. It would be a big push for the whole industry.

[bellamente]

Facebook will start a war against cryptocurrency for the sake of advertising its Stablecoin. I think they will not wage a fair fight. Will be interesting from the coin for investors?

[antsam]

I have read this article and am very happy to hear it, and this is good news for the crypto world. Companies like Facebook will adopt Crypto will definitely increase the trust in crypto coins
I like this quote

mass adoptions in crypto is on its way

[Kevinatin]

“If Facebook launches the stablecoin they are reportedly building, it will quickly become the most used product in crypto,”
read more here
Anthony Pompliano, a crypto analyst and founder and partner at Morgan Creek Digital Assets tweets about this
https://twitter.com/APompliano/status/1075951717399838722?s=20

mass adoptions in crypto is on its way 

First of all, it will be for cash transfer in India tells Bloomberg. It’s strange how quickly opinions change, yesterday they against cryptocurrency, and today they are developing their own.

[X - Mas]

If some big company would launch its coin, it would automatically become the most used coin in the crypto currencies space. Imagine if Amazon would launch its own coin or Microsoft or Apple. It would be a big push for the whole industry.

yes, and not only facebook seems amazon too
you can check this discussion thread https://bitcointalk.org/index.php?topic=5082008

i hope all the good news in crypto world, will become true, not only a hype 

[batang_bitcoin]

So the rumors before last year when Mark Zuckerberg stated to his facebook account that he will take a look at cryptos. He confirmed that by this year by hiring blockchain experts.

The only question on my mind why stablecoin? we got plenty of it.

[sufferer123]

I hope they're forbidden to sell their own coins. The things they do with what they're doing are exactly opposite to each other. It is inevitable that the elders in the market try to manipulate everything in this way, but I cannot stand to make it clear in front of everyone.

[fullcointalk]

So the rumors before last year when Mark Zuckerberg stated to his facebook account that he will take a look at cryptos. He confirmed that by this year by hiring blockchain experts.

The only question on my mind why stablecoin? we got plenty of it.

because this is the best option for Facebook. Any coin is subject to both a rise in price and a fall. During the fall in prices goes negative from people.. Let there be a stable coin, so many users will get acquainted with the cryptocurrency

[overnight03]

Facebook is a big campany, if they intend to develop a stablecoin, it will be a good sign  for cryptocurrency market. I hope there will be many good news like  that in the future.

[Goldleader]

Wow Facebook want a chunk of the pie. Well since they have the resources and manpower .why not ?

[wizardcrypto]

it is not surprising to me when l saw the news yesterday, they were among the big tech companies that ban crypto currency  but  now they are build their own crypto currency . this is simply social media manipulation deceiving people to stay away from such crypto advert. this is the reason to keep doing what you  think is good  and profitable at all time with fact and not with FUD that is been spread all over the media. cryptocurrency is replacing fiat currency gradually

[craked5]

of course big social networks will create their own cryptocurrency. it much more convinient than using different third-parties inside the platform.

[Prompyboo]

When Facebook banned marketing of cryptocurrency on their website, it was already clear that they were planning to create their own cryptocurrency.

[damberg]

Good news but I doubt about it being "most used product in crypto". It would be a single purpose means of payment (largely used).

[Delima Manis]

with the development of the era towards the digital era, in my opinion this is not surprising if facebook starts using crypto technology too. in my opinion, crypto will be used for daily needs

[Lynks]

Wow this is an interesting development..with the development of face book cryptocurrency token the popularity of crypto will increase so as its mass adoption