Facebook is Developing a Cryptocurrency

[cepot9]

I don't think this is true, I have not read the article that you shared but as far as I know Facebook is forbidding all types of crypto on Facebook but for some reason, Facebook will now join the cryptocurrency like funny, but I will find out the truth

[Fuhre]

I think the concept that allows users to transfer money through their WhatsApp may take a long time. but if large companies like Facebook really develop cryptocurrency, I can't imagine the impact will be very large, not only will it have an impact on the crypto market exchange, but in the development of blockchain technology used in real life.

[Ucy]

Stablecoins aren't cryptocurrrency.
For a coin to qualify as cryptocurrrency it must be:
 *Decentralized
* Trustless
 *Censorship resistant
* Deflationary
* Permissionless
*  p2p
Otherwise Just call it a Stablecoin.

 There are great Stablecoins though: DAI, Havven etc. I think DIA is a lot more like Crypto than a Stablecoin. except it is stable.

[NickoOrteras]

For the most part, Facebook has grown into cryptocurrency development because many people use it and they can easily see it through bounty hunters working on Facebook bitcoin campaigns. so it's important to increase the percentage of Facebook campaigns in the bounty projects.

[tuanytcc]

As per recent article on Bloomberg , facebook is developing a cryptocurrency that will allow users to transfer money through their whatsapp messaging app and they are first focusing on market in India. They are developing a stable coin-a type of digital currency pegged to the U.S. dollar as bitcoin have high volatile nature.

This is a good thing that big names are moving into crypto world now.

For detailed study go though this article

I think this will be the trend in the future, but the difference is on the point: they will build their blockchain is decentralize or centralize. Almost big corporations all want to control their system by themself

[khufuking]

I saw this news yesterday and even tho I think it will not have a real effect on Cryptocurrency I still think that the publicity is a good thing we just need to not over cheering this and take it as it is because what Facebook will have is not a real Cryptocurrency as we know it.

[monster2]

If I ask Facebook to help with cryptocurrency because of the large number of Facebook users and supporters it's easy to spread especially when promoting cryptocurrency projects or bounty projects is easy to learn from the people because of social media.

[Saisher]

I just knew it could happen that Facebook could one day create their own cryptocurrency, blockchain is a technology that will never die and facebook just wants to make sure that they are keeping up with the latest technology, being an internet giant, but we still have to see it launch before we can judge how good they handle the project.

[NeuroticFish]

They are developing a stable coin-a type of digital currency pegged to the U.S. dollar as bitcoin have high volatile nature.

This is a good thing that big names are moving into crypto world now.

Actually no. What they do is not really a crypto currency as we know it, it's more like in-company centralized digital FBDollar. They don't really move into crypto world.
They have just find out that with little effort they can do some more "tax optimization". And why not, if the idea is catching up, maybe they even earn money from this "coin".

[Ryananda]

if large companies that make coins will definitely advance quickly because they already have a lot of trust from various parties, if indeed that is true then it will be very good for all those who love the crypto world, hopefully this can be quickly realized.

[babarian]

I am very sure that if Facebook creates and creates its own currency, the project will be successful, they just have to campaign on their platform. with very many users it won't be difficult

[Bittalk12]

This really is a good news for cryptocurrency and facebook did the right choice embracing cryptocurrency. They will be a great way to let millions of potential investors about cryptocurrency by advertising their own altcoin to their users. It is not impossible that we can see a greener market and huge recovery next year because of this type of news. It would be better if facebook itself will make an official announcement on their side.

[ajdaj]

Facebook is one of the social media that is powerful because many use and support it. if promoting it will be easier because Facebook is widespread in the world. so many bounty hunters join the Facebook campaign to help with the bounty project.

Like many other companies, Facebook is exploring ways to use blockchain technology. This new small team will explore many different applications to provide new and secure services to users. But first of all we are talking about making money.

[ChangeNOW]

Tokenomics are going to rule the world, like it or not. That's a smart move on Facebook's side.

[pokxon]

They are planning to create a coin to be able to pay in WhatsApp. I think it will make crypto market more interesting. I am looking forward to more information from them

[milewilda]

They are developing a stable coin-a type of digital currency pegged to the U.S. dollar as bitcoin have high volatile nature.

This is a good thing that big names are moving into crypto world now.

Actually no. What they do is not really a crypto currency as we know it, it's more like in-company centralized digital FBDollar. They don't really move into crypto world.
They have just find out that with little effort they can do some more "tax optimization". And why not, if the idea is catching up, maybe they even earn money from this "coin".

Correct, im not seeing that they are really serious on adopting or going into crypto but rather creating their own coin for the sake of add-up benefits on making more money.
Crypto wont really be in the sense that it would be a centralized ones.This would really just act like a e-currency not would really be different from fiat.Its just a transition but not actually embracing the tech.

[karman383]

Good news to fill out the end of 2018. Facebook is one of the most widely used social media in the world, and this is a very good development for cryptocurrency fans. I think this will start running in mid-2019, and users will begin to know it. Well, I'm quite happy to read this news. Thank you for the news that you shared here. Surely this is really useful.

[tonibyuzen]

I think that when such giants of it sphere as Facebook join the crypto sphere, it is very cool. The more large companies will be interested in the world of crypto and develop their own solutions, the greater the spread of new technologies among ordinary people and it will have a positive effect on the popularity and accelerate the introduction into everyday life. People will finally understand that it is convenient, safe and this is the future.

[shadowduck]

what Facebook did it will be just a stable coin that will be used inside the Facebook platform. And nothing else

[coin-investor]

It still depends on how the market performs but definitely great news and a good development, especially if Facebook decides to push through even though the market is not performing well, we will definitely have a lot of update because we all know how good Facebook is in marketing all their stuff.