Facebook is discontinuing P2P payments in Messenger. Is working on a cryptocurre

[tomahawk9]

At some point these companies will realize that it is economically much more viable to support an open source technology for money transfer than to create something centralized.

Companies like facebook have enough money and manpower to create whatever they want, and economically, it's way better and profitable to create your own centralized system that you can use as your new revenue stream. Corporate giants won't use decentralized systems nor adopt decentralized cryptocurrencies because: 1) they can't control it, and  2) they don't suit the disgusting 'money grabbing ideas' of these multinationals.

[Pab]

Old news.Facebook reported that months ago.Now they are looking for 1 bln$ funding
There is not told in that news that FB wants his coin to be traded on exchanges
It will be stable coin but denominated in various fiat money
Maybe FB wants to be the only one bank future and wants his coin to be global currency of the world lol

[vit05]

At some point these companies will realize that it is economically much more viable to support an open source technology for money transfer than to create something centralized.

why?!
when they make their own centralized token, they have 100% control over it and THEY will get any kind of fee there is to take from people who use their centralized token.
in comparison if they adopt bitcoin there is no fees/benefits in it for them. they can't take fees from people who send each other bitcoin for example!

By creating a centralized currency, they will have legal responsibilities. They will have to adapt to the economic laws of each country. They may receive processes depending on the intended use of the currency. They can take great responsibility if something goes wrong.

By using a decentralized product, they can offer only the basic service. Like a bitpay or another gateway. And they can charge a fee for the transactions.

[Bitum]

And now even FB goes in the direction crypto, all big companies will soon have his coin) All goes slowly in the wrong direction. All that matters to me - bitcoin, and maybe a few coins, rest is not relevant

[o_e_l_e_o]

Do they have the capacity and the gall to try that with bitcoin?? Definitely no.

I think they will try. Zuckerberg's greed seems to know no bounds.

Nobody to stop him in the name of net neutralityn once they use those "billion dollars for development" to prop up their shitcoin on a few exchanges.

I don't think it will be tradeable on exchanges, because I don't think it will be a cryptocurrency at all. Zuckerberg and Facebook are all about control and invasion of privacy. They want to know everything about you, all your communications, your browsing habits, your pictures, your location, the lot. I can't see them giving up control of their own currency to a decentralized network. If it is even blockchain based, it will be just like EOS - entirely controlled by a small number of "high up" users, with the ability to reverse transactions and seize coins at will. They will relish the opportunity to start collecting data about your spending and banking habits too.