Facebook plans to launch 'GlobalCoin' currency in 2020

[voltesbit777]

This move by the owner of facebook might be a game-changer strategy that might bring cryptocurrency to be known to more and more people. We know that social media have huge impact in terms of dissiminating information. Facebook is very influencial these days.

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[rosezionjohn]

NO, because they are too late to the game. Its going to flop. They should have adopted an existing coin, preferably the best: Bitcoin.

I agree on they should have adopted an existing known coin like Bitcoin but let us not be certain as if we know what is going to happen in a year or two after they launch this globalcoin. They may not be as popular before but they still have a wider network compared to other existing projects.

[pinoy.bolanon]

if facebook, whatsapp or any other "powerful" multinational company creates a cryptocurrency, you lose the sense of decentralization with which BTC was born and the fantastic world of critpovalutes. then you need to understand what kind of algorithm they want to adopt, whether it will be a coin PoW, PoS or other. I remain very skeptical for now

Facebook is one of the example of a powerful company, if they could run their own coin by next year, then ill expect something better,and the price of course could be higher, but if they could run their own stablecoin, maybe its just the same with the others too.

[Menawi12]

if facebook, whatsapp or any other "powerful" multinational company creates a cryptocurrency, you lose the sense of decentralization with which BTC was born and the fantastic world of critpovalutes. then you need to understand what kind of algorithm they want to adopt, whether it will be a coin PoW, PoS or other. I remain very skeptical for now

Facebook is one of the example of a powerful company, if they could run their own coin by next year, then ill expect something better,and the price of course could be higher, but if they could run their own stablecoin, maybe its just the same with the others too.

About the price, its depend on total supply and how this coin integrate with facebook affiliate. If this coin can used in whatsapp and others messenger, i think this coin have big potential and profitable investment

[lyks15]

If is truely happen that that new coin of facebook will launch, I think there is a new competitor or I can say that bitcoin has a huge and strong competitor. Because all we know that facebook don't need to advertise if they launched their own coin because they are already popular so people will surely adopt that coin.

[Ridwan Fauzi]

Mark Zukemberg has a control to set all people through social media on this world. Facebook, WhatApps and Instagram are the giant social media who will promote Global Coin. Indeed, the people who has an interested they will easy to use it cause they have known who Mark Zukemberg is, so as he will forget the scam thing on their mind. Also, I got an information that the citizen of US having more trust on facebook instead cryptocurrency such as bitcoin, but I don't think the user of bitcoin will just give up cause we know bitcoin can be use as more than currency.

[bbc.reporter]

True and they have already in contact with coinbase and gemini, whatever I have read. I think this will be good one because it will impact positively and more people will know about cryptocurrency.

There was also an article in Coindesk that mentioned besides meeting Mark Zuckerburg that the Winklevoss also said that they already own a material amount of Ethereum.

In any case, when is the release date of Ethereum 2.0? Globalcoin might be issued there.

[LUCKMCFLY]

Well, I've been following this news about FACEBOOK a lot, and I really do not know if they want to do cryptocurrency or Facebook tokens, but taking into account that Mark Zuckenberg is not going to get something that does not have a good liquidity or support, I think his The price will be relatively high, and this is due to the number of sponsors that are on the social networking platform.

So if it has been slow to make its launch is because it has thought all the ways and have to avoid possible frauds with respect to bounty hunters, because I do not think there is a class of KYC, because the database they handle is very large .

[mamahdedeh]

In my opinion, I am very happy to hear this news because the crypto currency competition will be even tighter. Moreover, Facebook itself is a worldwide platform so that the coins that will be launched by Facebook already have a good future platform. I am sure that Facebook can realize this plan, the coin launched Facebook will become one of the potential coins and become the top row of coins on the market. I only hope that the coins issued by Facebook have the latest technology and can be felt by many people such as Facebook's own social media platform.

[infarterr]

In my opinion, I am very happy to hear this news because the crypto currency competition will be even tighter. Moreover, Facebook itself is a worldwide platform so that the coins that will be launched by Facebook already have a good future platform. I am sure that Facebook can realize this plan, the coin launched Facebook will become one of the potential coins and become the top row of coins on the market. I only hope that the coins issued by Facebook have the latest technology and can be felt by many people such as Facebook's own social media platform.

When viewed from the Facebook platform, it is already very good because there are many users, but at this time the predictions are not too high, because the more tight the coin competition, the harder it will be for new coins to be in a row of potential coins or stable coins. and don't doubt the Facebook company about their plans.

[Galantin]

This project has ceased to be interesting to me. Facebook just want to increase their income. The coin will be stable which means that as an investor I will not be interested in holding it. And also I don’t like the list of countries that will not be able to use this coin Russia and China.

[novy]

Interesting fact about the name - Global coin. In early 2015 there was a project with the same name which was a scam. Lets see what could happen this time.

[ecnalubma]

Without a hype Facebook can easily attract investors regardless of the purpose of the project. This is also a signal of billion dollar companies soon follow to enter the crypto space.

[BryanK]

Yeah, I heard about Facebook wanting to be more anonymous, too. But I did not know about the introduction of my own cryptocurrency. In this case, Facebook is great.

[martina14]

I am still waiting for the Facebook CEO message about this.
THough i been reading many news about this GLOBALCOIN which will manage my FACEBOOK.
Even on Airdrop alert, they are been many news about it. but still lets wait further more.

[mindrust]

If is truely happen that that new coin of facebook will launch, I think there is a new competitor or I can say that bitcoin has a huge and strong competitor. Because all we know that facebook don't need to advertise if they launched their own coin because they are already popular so people will surely adopt that coin.

FacebookCoin probably won't be Bitcoin's competitor. There are rumors saying it'll be a stable coin just like Tether. Probably 1FBC=1USD. If that's the case It won't be more useful than your steam balance which are only useful to purchase steam games.

If they don't peg it to USD however, that might be the hype train we should be getting onto... to make more bitcoins.

[Adriano2010]

Indeed we can see a new trend, and more companies try to create crypto or to use it, i will not use Facebook coin if is a stable coin, i not have what to do with and i not use Facebook.

[SirLancelot]

Indeed we can see a new trend, and more companies try to create crypto or to use it, i will not use Facebook coin if is a stable coin, i not have what to do with and i not use Facebook.

It is going to be incredible and it might capture the market after it is launched. Actually the benefit Facebook has is that it has gotten so many users who might be interested in investing in the coin in its early ages when it is down. There would be great price rise in future which means that the investment you will make in these coins will be replicated upon the rise in the prices.

[Supercrypt]

This move by the owner of facebook might be a game-changer strategy that might bring cryptocurrency to be known to more and more people. We know that social media have huge impact in terms of dissiminating information. Facebook is very influencial these days.

This will be one of the very big advantages the invention of Facebook coin will bring to the general market of cryptocurrency as I believe that Facebook has the largestsocial media user in the whole world.

By the timeFacebook starts this project and others like twitter, Google and the rest see how it becomes well accepted and used, they will surely have no choice than to join too which will be the beginning of great revolution in  crypto industry as regards adoption.

I just can’t wait till the time the project will be launched as I know that it will make bitcoin price shoot up because of the hype itwill get then and many people believing that its project will sure have impact on bitcoin even if I know it may not.

[aioc]

Facebook is finalising plans to launch its own crypto-currency next year.

It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020

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

Sounds old, but this might be true this time.

Yeah, in the past people are predicting that Facebook will launch a coin of their own, and they are asking for the possibility, and now it's really happening, I think they had a plan to launch one in the past, they are just waiting for the best time to create one, because they want to test if this kind of technology will be accepted globally, and now that they've seen it, they are on it now.