Under the code name “Project Libra,” tech journalists say, Facebook, Telegram, and Signal are devising their own digital token, which would allow their billions of users to exchange money across the Internet, through their payment systems.
Right now, the whole Facebook conglomerate is quite excited for their grand entrance to the world of cryptocurrency which many are expecting can be competing well with many well-established coins in the marketplace. But will the so-called FacebookCoin or whatever name it can be called be able to dethrone the King of Cryptos? That remains to be seen because I am sure that this future coin can also have its own flaws and it all depends on how the marketplace can react into it. I am guessing that in the next few months of its existence, it can be liken to the BNB experiment since the coin can be well-used on the social media platforms controlled by Facebook.
Now, can we see that Mark Zuckerberg become the new King of Cryptocurrency? Or will the weight of Facebook make it sluggish and not adopt well with the expectations by the people?