BBC - Facebook to launch Globalcoin in 2020

[uneng]

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.

The idea is to launch it on the first quadrimester of 2020 and initially it will be available in 12 countries, what is a very low number taking in consideration the 193 countries of the world. I think it's a bad step as they are already starting restricting the use of the currency.
Besides that, it won't be decentralized and will count with help from traditional financial institutions, banks.

[disconnectme]

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 don't think people are surprise at this, this has been in public domain for some time now. Will like to see how this would affect the cryptocurrencies in general, especially the Stable coin, and another thing I want to know is if they are going to be listed on Crypto exchanges which would be a great plus to the space

[Tytanowy Janusz]

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.

The idea is to launch it on the first quadrimester of 2020 and initially it will be available in 12 countries, what is a very low number taking in consideration the 193 countries of the world. I think it's a bad step as they are already starting restricting the use of the currency.
Besides that, it won't be decentralized and will count with help from traditional financial institutions, banks.

It shows how centralized this coin is. We should just stop talking about this and do not create hype around it because it unhealthy for crypto in my opinion.

[Blamsud]

They might consider the potential of crypto even they ban ICO advertisements in Facebook, nothing less we can't deny that crypto is good for the payment transactions and does really need in this online technology era, Facebook needs to be conscience atleast on their plan since too many news before we're out telling to have Facebook crypto before this globalcoin news.

[drumamat]

Well, that's very good.Agree if this really happens to the cryptocurrency will cease to be treated as a bubble.Once that happens,banks will cease to exist.

[diazepam666]

Globalcoin or any other centralized cryptocurrencies should not capture the marketplace. We need to take care the decentralized market in our hands and keep work on investing to this market more than the centralized market.
This is my opinion to understand after this thread about this announcement.

[Pamadar]

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 don't think people are surprise at this, this has been in public domain for some time now. Will like to see how this would affect the cryptocurrencies in general, especially the Stable coin, and another thing I want to know is if they are going to be listed on Crypto exchanges which would be a great plus to the space

It's a good question about listing, as the coin will be dedicated for fb transactions so if this will be listed it also bring impacts to the trading industry, it can help or it will just another hyped project that will be delivered as stable project which will be intentionally to welcome this chain from much wider audience.

[superscommessebitcoin]

This is a very good event. I think that there will be a lot of people willing to invest in this coin. Mark knows what he's doing, so I think those who manage to get this coin will be able to make good money.

[Shenzou]

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

The real question is why ??, is there here anyone on this forum or interested in crypto actually buys things or uses money on Facebook or Instagram, to me this seems like another cash grab an attempt to ride on the hype of crypto, probably many companies and investors will support it at first due to Facebook already has a wide range of users so they expect it to really go viral at first, but i am sure that it will wear off in the first couple of months of its launch, the only thing that it might do is give other companies the idea to think about crypto.

[shesheboy]

If this is real like 2020 that's long so for me better to buy different cryptocurrency now because in that time there's a big possibility that market here will grow like many users use facebook,instagram,whatsapps then they will see crypto like different investment and services here like how this works

Year 2020 is not long because we are now already on the year 2019 and year 2020 is like 6 months away . if your die hard supporter of facebook platform then i think its not bad to support this coin but make sure to prioritze the original cryptos because we all can benefit with it .

The negative in that time if this Globalcoin is similar only to some coins then this will not turn that popular and we know stable coin here in crypto are really many already like very trusted then that's similar only to this new

yes this coin is likely simillar to other existing coins out there but this coin will have an important use on the facebook platform because facebook does not have its own payment/currency . facebook only use third party payment method .

[rdluffy]

I don´t know what to think
It's a coin, but not decentralized, I don´t like facebook and not agree with their policy
I can´t see the reason to launch this coin, what kind of problem do they want to solve?

[the rise]

So rumors about Whatsapp will be charged right if Facebook will launch a token called Globalcoin, seeing that everything comes to mind when the issue of Facebook banned crypto ads at the time, but now many large companies join Crypto with all this, that's all. Is it true that crypto will dominate the currency for the whole world in the future?

[huhhuh18]

Well personally I think the name choice GlobalCoin is cool. Zuckerberg owns some of the largest social media platforms of this world and hence their adoption is a little "Global." Moreover, this will also help with the adoption we've been talking about everyday.

[asyakashi]

I am impatient and I am very happy that the most popular social media has finally decided to adopt blockchain technology.
I am an active social media user and of course very happy if in 2020 I will get services that generate benefits from Facebook and other social media interactions.

[Tipstar]

Facebook has been talking about rewarding it's content creators so we could expect they being rewarded with crypto. It would surely undermine Youtube if Facebook video creators started making money in crypto but there's still no talk about rewarding the viewers, if they be able to share even a small fraction of their revenue with the users, they'd be a one stop solution like Tencent in China.

[dark08]

This is really good news for every crypto people and then facebook make a good move for lauching globalcoin in 2020 way back 2018 I heared somw news regarding this one and now its been spread to cryptocommunity if this happen next year then we will see a good move for Bitcoin Im hoping higher or back to its all time high since we already in the Bull run situation.

[fortunecrypto]

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 a verification that cryptocurrency is now huge and we are going to be here for a long time, Facebook and all the big name whether personality or company are now taking this part and of course in their technology revolution, we will see many more updates on this and news of course.

[sh4dtechnr]

So much positive news lately. no one will argue with the fact that facebook is one of the most influential corporations in the world, if not the most influential. And the fact that it enters the cryptocurrency industry is super positive news for it, capable of raising the market capitalization to trillions of dollars.

[whirlcoin]

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

yes it is really interesting and useful when the Facebook also likes to create a cryptocurrency for the future and it seems like the creeper field is definitely go well also in the future so the investment people had a good vibration when hearing the news and I also like that.

[Astvile]

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

Will be great stepping stone toward cryptocurrency being in line to our traditional financial system.Facebook,Instagram and whatsapp are 3 big companies that will accept a cryptocurrency in their system which leads users to be curious about it and slowly users will adopt it for sure so this is a big help to spreading news about cryptocurrency