GlobalCoin by Facebook - speculation.

[encycrypto]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

[X-ray]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I thought that facebook didn't even create an announcement about ETA of facebook coin. Some articles said if facebook has already contacted the crypto exchange site for that. but that coin will play as utility and that will be only become the currency that will have used in the platform.
Im feeling curious about where you get that clue about facebook coin will be launched on 2020?

[encycrypto]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I thought that facebook didn't even create an announcement about ETA of facebook coin. Some articles said if facebook has already contacted the crypto exchange site for that. but that coin will play as utility and that will be only become the currency that will have used in the platform.
Im feeling curious about where you get that clue about facebook coin will be launched on 2020?

I saw a ticker about that date (2020) on BBC.

I'll try to get some latest articles about it too, and post them here.

[samcrypto]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Its still an speculation, no one can say where it will be heading until we saw the real product. As far as i know Facebook is a giant company, and if they invest more on cryptocurrency i believe it will be a top coin already. I know this is a good news, and maybe more big companies in 2020 will show their own coin so let’s all be ready.

[TimeTeller]

For article reference -

https://www.coindesk.com/facebook-to-roll-out-globalcoin-cryptocurrency-in-2020-report-says

I believe the chance of making it big in crypto is high as it is already backed by solid company, which is Facebook.
So no doubt, they can initiate their developments even without holding ICO, IEO or any crowdfunding campaign for that matter.
But we still need further information on how this coin will have an impact in the crypto industry or what difference would it give to the community...

[jossiel]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

[HellDiverUK]

If this news is true then this is something very good for the crypto world, Facebook is the largest community and network on the internet, if the Facebook business uses crypto then new users will arrive and lots of fresh money will come in

[styca]

It will be used to purchase things within Facebook, so it will be a stablecoin. It won't be something that you can buy early in expectation of higher prices later on.
It will be good for crypto as it will help to legitimise BTC and the rest in the eyes of the wider public.

But I think the underlying purpose of the coin, as with everything Facebook does, is gathering personal data in order to sell it on to third parties. They already hoover up vast swathes of personal data, but they don't know our shopping habits very well - with this coin they will.

[5ensei]

As it's just a stable coin it won't be worth investing in as the price won't rise. It will do wonders for bitcoin as facebook crypto coins will add more credibility for other currencies so it's worth stocking up on litecoin and bitcoin before this globalcoin comes out

[maldini]

Yup, this news is true. Facebook will launch their first coin called GlobalCoin and this coin itself is a centralized coin like ripple. Yes, even though it's only a utility coin in my opinion, this coin will be able to compete with the top 10 cmc now.
And at the same time in 2020, there will be bitcoin halving, I don't know if that year will be the year of crypto explosion.

[rose9696]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I think it is normal for facebook to participate in the crypto market and it does not affect too much on other altcoins. because it is a stablecoin by default and investors cannot get any profit from it.
their purpose in creating a separate electronic currency because they want to pay the costs and services for faster crypto advertising on facebook.

[encycrypto]

For article reference -

https://www.coindesk.com/facebook-to-roll-out-globalcoin-cryptocurrency-in-2020-report-says

I believe the chance of making it big in crypto is high as it is already backed by solid company, which is Facebook.
So no doubt, they can initiate their developments even without holding ICO, IEO or any crowdfunding campaign for that matter.
But we still need further information on how this coin will have an impact in the crypto industry or what difference would it give to the community...

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

Thanks for providing references guys!

This is an interesting development as I remember that Facebook once had even banned the cryptocurrency advertisements on their platform. Now they're going to launch their own.

[jossiel]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

Thanks for providing references guys!

This is an interesting development as I remember that Facebook once had even banned the cryptocurrency advertisements on their platform. Now they're going to launch their own.

You are very much welcome and don't mention it.

Yep, they had banned crypto and ICO related advertisements a year ago. And my feeling was correct with that, that they were cooking something because they were eliminating their competitors.

Now, here they are proudly announced the launching of their stablecoin soon which will be used in their facebook related partners/sister company.

[Adriano2010]

So to understand better the Facebook coin will be a stable coin or will be like most of crypto coins where the price never is stable? I really think if this will change something on market and if the price will grow for most crypto after they launch their coin or no.

[xenomorphe1]

It will help Facebook collect more datas about what you buy/sell. And who has the more money. After collecting the identities and ideas of peoples, they now want to collect the finance of their users.

[basty03]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

We will see if this Facebook coin will really happen next year but for now it's still speculation so there's no assurance if this coin will launch. But it's look controversial if this happen and I feel many are wait for this, let's see what will happen.

[encycrypto]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

Thanks for providing references guys!

This is an interesting development as I remember that Facebook once had even banned the cryptocurrency advertisements on their platform. Now they're going to launch their own.

You are very much welcome and don't mention it.

Yep, they had banned crypto and ICO related advertisements a year ago. And my feeling was correct with that, that they were cooking something because they were eliminating their competitors.

Now, here they are proudly announced the launching of their stablecoin soon which will be used in their facebook related partners/sister company.

"First they ignore you, then they laugh at you, then they fight you, then they join you."

[leavolnhals]

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

It is definitely a great step by Mark. He knows that the crypto market is growing very strongly and the promotion of blockchain technology is expanding. If he upholds the ban on promoting crypto, he will lose a large amount of revenue in the future. Believe me, he will soon release terms to promote on Facebook and will charge a fee. shares of facebook will soon increase to 10-25% in the future.

[dodziu]

This will be great since it shall be coming from an established company like Facebook and the coin might perform well.
Personally, I do not like the idea of partnering with the government because it might be the beginning of tax payment on cryptocurrency.

[klaaas]

Whopper coins for a free whopper and facebook satosies for likes. This must be a joke or a cash grab for facebook and associates.