BBC - Facebook to launch Globalcoin in 2020

[IIV]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

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[tsaroz]

This would be another leap forward for cryptocurrency. Facebook has realized crypto is the future and want's to be the first tech giant to connect it's users with crypto. But as some of the oppressive authorities are against the use of Crypto, Facebook is diversifying and moving out it's operation and as the article states this would be released only to a limited number of countries. Which I suppose would be crypto friendly ones.

[pawanjain]

Yeah, I read the same news on cointelegraph. BBC has reported that Facebook will launch a coin for payments in the next year.
This definitely a good news for the crypto community since it will create a much bigger awareness among people.
Also, it will enforce a form of trust among the people since Facebook is a reputed company and a reputed company using crypto will automatically make people trust them.
Earlier Facebook had also said that they will soon be launching a stable coin and now this. Combining these we can say that Facebook will launch a stable coin which will be used for payments.

[neonshium]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

This would be what will take the crypto market forward, as we all know, facebook is one of the platform with very large audience of about 2 billion people or even much more, though I believe some of those people are bots and others own more than one account, but it doesn't change the fact that their database is very large and the implementation of any cryptocurrency into their platform is not only going to increase the volume of the market but also increase the trust in the market because much more people would have trust.

[Tytanowy Janusz]

I heard that it will be fully centralized and will bring disgrace for crypto community. It will be like gold in world of warcraft. Token in centralized database that has real world value.

10 mil gold from game i currently worth 42$.
https://edition.cnn.com/2018/05/08/world/world-of-warcraft-token-worth-more-than-venezuelas-currency-trnd/index.html

Is that cryptocurrency? No. Facebook coin will be something like that. (to my knowledge)

[GREENch]

The release of "Globalcoin" will be a good impetus for the next crypto rally. I think that 2020 will be very eventful. Also, we should not forget about TON(telegram coin).

[aioc]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

I've seen a lot of topic about this Facebook coin in Bitcoin discussion and here in altcoin, I am not excited about it anymore, although Facebook is huge and they can do manipulation in the market, apart from being payment method for Facebook, Instagram and Whatsapp what more can they offer that can shoot them to the top 5 unless they can create something innovative..

[Wintersoldier]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

What is this, is this the official name that facebook is stating before? It was just facebook coin and now, they are going to make a coin that will be concerned on the holistic point. I think there is only 2 things it can achieve soon, to be successful or to fail. But honestly, I am not feeling well about facebook launching their own coin.

[bitmover]

https://www.bbc.com/news/business-48383460
Facebook wants to create a digital currency that provides affordable and secure ways of making payments, regardless of whether users have a bank account.

The social networking site, which owns WhatsApp and Instagram, is hoping to disrupt existing networks by breaking down financial barriers, competing with banks and reducing consumer costs.

Facebook already discovered why bitcoin and cryptocurrencies are useful. Break financial barriers worldwide, reduce customers costs.
Amazing. This is the biggest potential of our ecosystem.
I hope Facebook keep up this project.

[sri.bima]

Facebook should launch Globalcoin for now. Faster will be better, considering that currently market conditions are also experiencing quite good growth. I mean that the bear season is over, so now is the right time to launch a new project. By becoming a payment method for Facebook, Instagram and Whatsapp, of course it will be a great project. Because we know that social media is owned by almost everyone for now, to be honest I am very supportive. Thank you.

[Ifychuks]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

This news has been on for sometime in this space. It will really be a great move to the much talked about adoption of cryptocurrency. 2020 is already here, let's see how the Globalcoin will go.

[livingfree]

I've seen a lot of topic about this Facebook coin in Bitcoin discussion and here in altcoin, I am not excited about it anymore, although Facebook is huge and they can do manipulation in the market

They can do that because it is centralized but I'm looking at the positive impact that they may bring to the crypto community regards to their advertisement of crypto.

apart from being payment method for Facebook, Instagram and Whatsapp what more can they offer that can shoot them to the top 5 unless they can create something innovative..

Exchange and we can decide of what can be the other use of it. We can use it as another payment method if we prefer to receive and accept it.

[bitvalak]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

Mark tried to use the big name of Facebook to get people interested in the GlobalCoin project he made. The hope is to rival the existence of Bitcoin and then profit from it. I think the purpose is reasonable.

[cabron]

Yup the  news circulated long time ago but it amazes to  hear it over  an over. They're hyping all these.
Its possible that facebook will also create their own exchange while they are into stablecoin, this  will definitely be a game changer that will kill the biggest exchanges right now. They may not have to impose the KYC anymore upon its users, they already did it along time ago.

[smyslov]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

This is old news that is now materializing, they know that it's profitable in the long run and they want a slice on the growing cryptocurrency market, I will not be surprised that Google will also have one of its own, after small startups big companies are now rushing in.

[dataispower]

Every crypto enthusiast is looking forward to the launch of the rumoured Facebook coin, normally it's going to be a plus for the crypto market, building more hopes, pulling in a massive crowd too. The entire market cap will have a reasonable increase. Very good news are dropping lately all gearing towards crypto adoption.

[Landak]

BBC has made a report stating Facebook is planning to issue a cryptocurrency named "Globalcoin" in 2020.
It would be a payment method for Facebook, Instagram and Whatsapp.

https://www.bbc.com/news/business-48383460

I also heard this news today on my Facebook wall. I thought the name will be 'Facebook coin' but it turns out to be 'GlobalCoin'.
Do you think this will also be listed on the market or only as a payment that can only be used by IG-WA-FB?

[asbak66]

I'm curious about this project. What is the function of Facebook coin? Is it for payment or what?
And from I head it will become stable coin. I really don't know the utility of this coin. Gonna wait till launch.

[Ayiranorea]

https://www.bbc.com/news/business-48383460
Facebook wants to create a digital currency that provides affordable and secure ways of making payments, regardless of whether users have a bank account.

The social networking site, which owns WhatsApp and Instagram, is hoping to disrupt existing networks by breaking down financial barriers, competing with banks and reducing consumer costs.

Facebook already discovered why bitcoin and cryptocurrencies are useful. Break financial barriers worldwide, reduce customers costs.
Amazing. This is the biggest potential of our ecosystem.
I hope Facebook keep up this project.

Facebook always keeps them updated with technology, already they're into artificial intelligence and next level of development. Now looking upon the growth happening with blockchain Facebook has turned its attention towards blockchain based development. Without doubt Facebook will keep up the project.

[AgentZero23]

Facebook would definitely create their own coin and would have a massive use case. Facebook alone have billions of users worldwide and using globalcoin as payment it would be the most valuable crypto asset. And I will not be surprise if Globalcoin will replace bitcoin at the top spot.