Facebook is raising money for Facebook Coin

[Cyptobonds1]

One thing is that no matter how much Facebook comes up with as the selling price a lot of people are surely going to do the investment.
For nothing more just because it already has a name and a lot of services going on on Facebook requiring direct deposit will shift to the cryptocurrency way of make payments through it.

[maman567]

I can give access for Facebook coins will be raising in the higher price because I check many investor will not be interested with their coin investment, maybe its hard when their Facebook coins will be launch to public.

[Faxmate]

I’m not sure Facebook is actually raising money for Facebook because the money is available
But they are correcting Past misdeeds; canceling their crypto ban law would be a step on the right path

No now there will be no banning but only support by the facebook, there are so many site who are working for the promotion of the crypto currency as in google you will see so many facebook users paying for bitcoin and they are working online for promotion of crypto currency for the sake of money and facebook pays.

[trade2winnn]

Yes, too, heard this news,allegedly Facebook has decided to release its token,in principle, everything is possible,as they say wait and see how it ends,I believe that he already has fame as the same telegram,so it is possible to create a platform and transfer there its users and enter your token,it is quite real

[BitcoinPanther]

I do not think Facebook is late in the industry, we are still at adoption stage and having Facebook to launch their Coin is good enough to boost the cryptocurrency market.  I believe they can get their aimed fund since they already have a name in their respective industry. They previous action won't have any effect on their aim to collect funds, that is what I believe.

[JuliaJi]

why not? in the beginning facebook  start to ban crypto enthusiasts, but than they decide to join to crypto and that was right decision!

[lobat999]

Strategically, that is a good move on the part of Facebook and could have some positive impact on crypto verse because I think once its successfully implemented, it will be one of the biggest and valid example of crypto use case and could potentially generate more enthusiasm among its users worldwide.

[Ucy]

Well, Facebook is not a decentralized, platform... there is nothing to worry about.  What makes true Cryptocurrency/blockchain way better is the decentralization, ability to "be your own bank" ,  peer-to-peer transactions, incentives,  censorship resistance, permissionless, trustless etc

[passwordnow]

Others are saying that it's too late for facebook to launch their own coin and gather that much market cap to start. Well, it's true that they are late but you know what, investors are always riding the hype. Facebook sure is a big company and people will still invest on it knowing that they are facebook. With billions of users all over the world, the use case is big for the coin itself excluding the outside the platform transaction. It is a stable coin so don't compare it to bitcoin as a store of value.

[Hamphser]

Too late. They most likely missed the crypto train. Banning crypto ads and accounts damaged their reputation and it wasn't already in a good shape before it.

It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...

Only to those 0% knowledge about blockchain tech or crypto would surely jump in into this hype but for those people who are fully aware on what FB
did in the past will surely pass or would just simply ignore this thing.Why they do raise up money? They can sustain it on their own with just relying on their
revenue.They are just too greedy actually.

[imstillthebest]

Too late. They most likely missed the crypto train. Banning crypto ads and accounts damaged their reputation and it wasn't already in a good shape before it.

It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...

Only to those 0% knowledge about blockchain tech or crypto would surely jump in into this hype but for those people who are fully aware on what FB
did in the past will surely pass or would just simply ignore this thing.Why they do raise up money? They can sustain it on their own with just relying on their
revenue.They are just too greedy actually.

O% knowledge people wont jump and invest on it but the ones that are expected to invest are the ones that have already knowledge on cryptocurrency because they are the ones that understand how a crypto coin work . and what did fb did on the past ? The banning of crypto related contents ?  well past is past  .

 maybe they did it because they dont want people to invest on other crypto coins rather they only want people to invest on their own coin  . lastly , your right they are greedy  .  why would they need to do ico and collect funds from the public when we all know that fb makes milions a day ?  

[cryptjh]

Facebook has a lot of money, but they understand that raising money is the norm in crypto, and if they raise money they will have some money to back up their stable coin that doesn't come from their main Facebook business, I think it is great that Facebook will have real money to back up their stable coin. They will not have enough dollars to back each coin, but they will have enough dollars to keep their Facebook coin stable.

[Ailmand]

I've heard about this years ago, and it is not shocking that facebook will adapt cryptocurrency. However, I think they have missed their chance to gather more funds since most investors are keeping away from investing due to the losses they have incurred when bear-market started.

[powerman24]

They are creating Face coin for payments on WhatsApp   and Messenger. We do not know at this moment if it will be on blockchain. They are raising 1$ billion funds and it should be a stable coin.  It will be a competitor to PayPal rather than for BTC.

[Wildwest]

Facebook is late in the cryptocurrency industry but when facebook start their own coin everybody speculating about their own mind on facebook coins future i personally feel facebook coin is just a centralised coin they are developing for their future

I don't think it's too late for Facebook to issue their coins, Facebook's popularity occupies the world's first social media, which automatically when they issue coins can challenge Bitcoin. And they have clear regulations, this will be more value for Facebook coins in the future

[vicoma]

Nothing is ever too late in life and I don't think Facebook is late in creating their own coin. What I am yet to be clear from is the fundraising which worth billion of dollars. Is it to serve as collateral? nobody knows we are all just waiting for the drama the will come out of this but I don't see it replacing Bitcoin in any sort

[nicster551]

Facebook is late in the cryptocurrency industry but when facebook start their own coin everybody speculating about their own mind on facebook coins future i personally feel facebook coin is just a centralised coin they are developing for their future

Not really that late, they came in the right time however their decision seems vary from time to time. If I remember correctly, on 2017-2018 they seems to ban crypto ads and banning facebook account that promotes crypto project. But this is a great news in cryptocurrency as a whole, it can bring more users and believers.

[agusiska]

i think facebook coin will be strong enough to survive in bear market today, it will be one of top 10 coin because facebook have many user on their platform.

[joseyphil82]

Can someone just please explain to me what Facebook coin will be used for ? Because I think it doesn't make sense to released a coin for Facebook ,if every one keeps saying Facebook coin will grow better are they saying that because of  Facebook popularity as a social media ? Will the coin be used for means of payment? Well we have thousands of coins for means of payment ,it doesn't make sense

[Jpt]

I wish this news could be genuine and real. But I do not think Facebook is launching its own stablecoin. But what is the fact is that it is becoming positive about cryptocurrency after coming heavily down on cryptocurrency in the past. Facebook, the giant social networking site, launching its own stablecoin will bring cheers in the cryptocurrency arena. It will also make the market become stable. Not only Facebook, other organisations, which were vocal of cryptocurrency in the past, are supporting it.