Facebook plans to launch 'GlobalCoin' currency in 2020

[Anc92]

The only reason I'm looking forward to this crypto being rolled out is because it is going to draw more attention to the blockchain industry and our favorite projects will benefit from the extra exposure.

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[NeverSop]

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.

This information is of interest to the community. Currently, Unknown time to launch "Global Coin" from facebook. But the latest information shows that Zuckerberg and facebook are embracing blockchain as a solution for the future and seriously working with organizations and banks. Much similar information with Paypal. Trust that this is a new source of wind for the crypto community. And once again confirm that, blockchain is really the future of money and modern payment solutions.

[piebeyb]

I think not only Facebook but maybe there will be many big companies and others launching their own crypto currency, whether it is googlecoin or something else, but I am glad that there is a lot of good news in 2019 so that trust returns to investors, I've read the news 
 

[Juggy777]

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.

Facebook global coin is not worth our time as it’ll be a centralised stable coin, and most importantly people will have to be KYC verified for this. In my personal opinion this coin won’t last long once people realise that it has no value, and has no characteristics of crypto’s. That’s a very short list you came up with there’ll be many more countries e.g. entire Asian region barring Japan will be on that list.

[Apes]

if Facebook is really serious about developing cryptocurrency itself, what is the use it for? imagine if Facebook currently dominates social media to be paid. Facebook is currently acquiring large companies such as Instagram and WA. it is disappointing if all the applications that acquired by Facebook company become paid.

[Anonylz]

I think not only Facebook but maybe there will be many big companies and others launching their own crypto currency, whether it is googlecoin or something else, but I am glad that there is a lot of good news in 2019 so that trust returns to investors, I've read the news  
 

I also share the same view as you, in life people tends to follow the footstep of others especially when that footstep has a success story behind it, and blockchain is not an exception, we have seen lots of project following the footstep of their predecessor with a slight different ideas, so if Facebook happens to be successful in lunching its own coin many similar project will want to lunch theirs as well, i think this could be a positive thing to crypto because once FB succeed other company will definitely be interested.

[JCviggen]

The only reason I'm looking forward to this crypto being rolled out is because it is going to draw more attention to the blockchain industry and our favorite projects will benefit from the extra exposure.

The fact that Facebook will bring attention to cryptocurrency will not bring any value. Facebook will not use a cryptocurrency, but will use its stable coin. it's the same as he uses the dollar

[soulripper]

Facebook coin will be big as bitcoin if it really release at the next year.. Just imagine the hype it will gain and this will be lead to a positive thing to the blockchain also. Cryptos will being see as a good choices to make a payment fast and easy without middleman anymore.

[ven7net]

If, however, the crypt market has passed the next bottom and we see the beginning of a new stage of growth, then the appearance of such news is quite obvious, and, most likely, this can happen. We are talking about the emergence of cryptocurrency on Facebook, which means that we are waiting for a lot of positive events in cryptocurrency. If the launch of the cryptocurrency of the social network Facebook is scheduled for 2020, then somewhere in the same place we will see an even greater growth in the cryptographic market. In general, this is a good trend, and I believe that everything will be just better.

[richmcrich]

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.

Facebook has offices virtually in most parts of the world where they are operating and we know that Facebook platform is a platform used globally, so if Facebook is creating a coin, it will surely be used by its users in different part of the world, but that doesn’t mean it will be a global currency as people claim it will be.

Whatever coin Facebook is going to create will be a stable coin to be used by its business members because I don’t see how useful it will be to an ordinary user since the coin will be a stable coin purposely or their system and not a general utility coin like BTC or ETH.

[A L I E N]

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.

Facebook likes to control everything - just think about WhatsApp and Instagram. The more we learn about the processing and use of our personal data by this company, the more suspicious the idea of creating their crypto becomes.
Bitcoin’s sense is to reject centralized systems and transfer control over your finances into the hands of each individual, but I doubt very much that FB supports this idea. This new crypto (if they really launch it) will be not decentralized at least.

[EdenHazard]

Facebook has announched this program and will come true, but I doubt most people who use this coin for payment system. It will be good if many people uses this coin because it's trestle for most people to know the real cryprocurrency especially the coin who has decentralized system. Sometimes we need a decoy to attack many people to know cryptocurrency and at least to change their perspective againts cryptocurrency who previously thought that cryptocurrency was a trifle money or even a place of fraud. The facebook's user are a rif and even for the citizen of US they has considered that Global Coin is the solution for payment system instead cryptocurrency.

[danielchris]

There is no doubt Facebook has capability to launch his own coin. But l am confused for that face book had banned the advertisement for crypto  currency. Then how can manage its own coins, whenever maybe coins related to crypto currency. Because crypto currency had reached the peak point of popularity.

[giletto]

Despite the fact that the Facebook Coin may be centralized to enable monitoring and control by Government it will surely go a long way to preach the gospel of cryptocurrency and further endear it to millions of people who are members of Facebook and WhatsApp ecosystem

[sky_Gritzz]

I think not only Facebook but maybe there will be many big companies and others launching their own crypto currency, whether it is googlecoin or something else, but I am glad that there is a lot of good news in 2019 so that trust returns to investors, I've read the news 
 

sure, i have the same think like you man, in 2021 is a new ATH for bitcoin because many big company are entering blockchain industry and this situation can affected bitcoin price in future

[GospelCrypto2]

Well if the Facebook team can withstand the pressure and imposition am sure the US government will impose on them, then probably this dream would come to pass.. It's great news in my opinion coupled with news that telegram would be releasing it's own currency in the third quarter of this year.. I think mass adoption is here already...

[CryptoLing]

I'm sure that this 'GlobalCoin' will be centralized, the aim for this token/coin is smooth the transaction that happen in Facebook whether is for ads/donation. But I'm hype with the adoption, blockchain and crypto will become mainstream.

[fvb]

As I understand it, they want to pay for viewing advertising with their own cryptocurrency.  The idea is not new, but promising, especially for such a giant as Facebook.  For me, Telegram's idea is more interesting, let's see what happens.

[ryan992]

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.

[Saisher]

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.

I am very active on Facebook I wonder if they are going to do airdrop, and what algorithm, they are going to use, are they are going to create their own chain since they have all the means to do this and will they do a bounty campaign, of course, everybody wants to get this coin.