Facebook is Developing a Cryptocurrency

[jitkabitka54]

I wouldn't jump on the ship that they are doing it, there have been many, many articles about large companies doing a cryptocurrency and so far they have not come to fruition.

Let's see what happens and until Mark comes out and states it, don't get too excited.

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[Galantin]

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

This may not be true. Why because so obazarom Fasebok can raise the value of the company's shares. All applications must be filtered. As soon as they announce the start of development, I am sure you will see specialists who will create these coins.

[hovrah]

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

This may not be true. Why because so obazarom Fasebok can raise the value of the company's shares. All applications must be filtered. As soon as they announce the start of development, I am sure you will see specialists who will create these coins.

More recently, the network means information that will lead squirrels change all the spread of information about cryptocurrency. Trends are changing very quickly and I cannot understand where the truth is, And where lies.

[Tony116]

As for me it's not a surprise. Sooner or later almost every single company will try to use private blockchain technologies due to thier's advantages. But as a real crypto enthusiast I still believe that there won't be anything really useful and more valuable than BTC.

[SaRmY]

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

This may not be true. Why because so obazarom Fasebok can raise the value of the company's shares. All applications must be filtered. As soon as they announce the start of development, I am sure you will see specialists who will create these coins.

More recently, the network means information that will lead squirrels change all the spread of information about cryptocurrency. Trends are changing very quickly and I cannot understand where the truth is, And where lies.

This is an information war. Let's say Facebook says. We are entering new markets. The small factory receives new profits, but in fact does nothing. Cryptocurrency 10 years. Where is the first social network in the world? Has she studied technology? Truth and lies a difficult question. I do not believe them. The started twitter says everything is okay. A pat ban our accounts for the ICO tag.

[adzino]

Didn't even bother going through the whole article. Facebook, the company that started to ban advertisements related to crypto currency and ICOs, reverses the ban and now wants to build its own crypto currency  ? I doubt its going to be decentralized at all. And why would we need to use whatsapp to do transactions? Too much work to build a different platform? Not sure what you posted is actually authentic or not.

[Jordens]

Didn't even bother going through the whole article. Facebook, the company that started to ban advertisements related to crypto currency and ICOs, reverses the ban and now wants to build its own crypto currency  ? I doubt its going to be decentralized at all. And why would we need to use whatsapp to do transactions? Too much work to build a different platform? Not sure what you posted is actually authentic or not.

This news is not the first year there and during this time nothing specific has been said in the news or from the leaders of the social network, so I do not attach importance to all this

[nikola22]

don't think that Facebook will create a real cryptocurrency. it will be some kind of highly centralized coin for internal use.

[prowe]

Nahh I agree with what people say above me, they block crypto related ads and then create a cryptocurrency themselves?

That would be extremely typical and exceptionally hypocritical.

[thunderbitz2717]

Facebook creating its own token is a possibility. May now they are starting already with the project. I'm also positive that a lot of big companies, creating their own cryptocurrency is one of the list of future projects. These big companies are always one step ahead of the public.

[andrei56]

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 do not really understand why people are so excited about this, even if Facebook is getting in the market of cryptocurrencies they are creating a cryptocurrency that will be completely centralized and that is not going to be that much different from fiat, so while that may bring some attention to the market and could bring new investors it is not such a huge news if you ask me.

[Indrawan77]

Its a great news to see vig companies to start interested in crypto, but one of the things that I don't like is they created another alt coin, why don't they just used bitcoin or eth, one of the strong coin that already existed, I don't think they have the intention to make the crypto grow, they just want to make more profit

[smyslov]

So they are doing it next year? or they are just planning to join the bandwagon in case the market finally hit a bull run, they cannot ignore blockchain and cryptocurrency anymore, this is the most talked about topic for so many years now and 2019 is no different and they do not want to be left behind.

[Herbert2020]

any company wants to increase their revenue and Facebook is not an exception. but it is strange to see that they want to get in cryptocurrencies and basically start becoming a "payment processor" because that is what they would do, they create a useless centralized token then sell it to gullible users of their platform and then process their transactions and take fees from doing so!

in my opinion this design is always doomed to fail no matter what company no matter how big is behind it because people will either stick to the known ways of centralized payments through banks and others or they want decentralization of cryptocurrencies such as bitcoin.

[Ucy]

Facebook developing a Cryptocurrrency or digital fiat currency? Most Stablecoins do not qualify as a cryptocurrrency. They can be seized, Censorsed, go through KYC. I guess the Stablecoin will be on a Blockchain platform but without the features of  cryptocurrrency.

[sh4dtechnr]

In my opinion, it is only a matter of time when large companies will start developing their own crypto / blockchain projects. And around these projects will be a lot of HYIP. Now everyone is waiting for Grams from Durov. We'll see.

[nreal]

Facebook participating in this market will probably be quite a positive news.
It will be the driving force to push other tech giants into this fledgling market.

[Forbiddenone]

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 do not really understand why people are so excited about this, even if Facebook is getting in the market of cryptocurrencies they are creating a cryptocurrency that will be completely centralized and that is not going to be that much different from fiat, so while that may bring some attention to the market and could bring new investors it is not such a huge news if you ask me.

Although Facebook data was stolen still Facebook is considered a giant,they are going in crypto space in other to show it's user that their data is now decentralized and secured so they can attracted it's user + crypto space towards it.As they have big fund so they can easily attract users and become a giant in crypto world.the reason they will able to do it because of people who waste their time uploading selfie and pic and commenting on others,so there might be a chance that they can become big as they used to be.

[Sevarchik]

They say what it was stable coin, i think they want hype on the crypto name, because stable can be reallized without blockchain

[SwiggHeart]

Note that they are making a cryptocurrency because it would help them to manage their data. I mean they just really need the blockchain.