After the banking giant JP Morgan Chase launched its own digital currency (JPM Coin), it was the social networking tycoon Facebook who planned to develop their own electronic money project, with participation of the 'big boys' have made the electronic money market more active and stimulated the need for more electronic money.
It is important to know that most banks and credit institutions now charge fees for services and this is the weak point for the electronic money project of "big men" with billions of users. "Create a" flat world "without charging for electronic payment transactions, giving users better security technologies (blockchain) and benefits.
Facebook and JPM is not doing anything new. Whatever coins they have issued or they are going to issue, will be just a virtual representation of the fiat money and no one can use those coins to buy anything outside their website! So it really doesn't matter whoever so called biggies they have in this project, they can't be called cryptocurrencies. They probably have the structure of cryptos but can't have the nature of usage of ceyptos. That's the reason why a majority of the community members are least bothered about it!
