Your thoughts on Facebook's GlobalCoin

[CrownMade423]

It is not yet known exactly when Facebook will bring global coins to the market. I think,The  Libra Coin because of Facebook users come from various countries and this could be the opening act of global adoption in cryptocurrency they will also invite large investors to trade on the cryptocurrency market. Question when they can bring it .

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[Adya]

i believe that neither facebook nor telegram will not be allowed to make their own blockchain project with their tokens by sec. american government want to have shares everywhere and want to control everything.

[mich]

Facebook's Calibra Team Introduces A Novel Distributed Audit Protocol

Facebook’s Calibra team introduces a new protocol for distributed auditing of assets that could have saved Mt. Gox.

https://cointelegraph.com/news/facebooks-calibra-team-introduces-a-novel-distributed-audit-protocol

[mich]

Libra Association Appoints Former FinCEN Head as General Counsel

On May 19, the Libra Association, the organization behind Facebook’s Libra stablecoin project, announced the appointment of Robert Werner as its general counsel, in what seems to be a continuing strategy to reconcile with regulators.

https://cointelegraph.com/news/libra-association-appoints-former-fincen-head-as-general-counsel

[Vohoanghiep]

Facebook is very famous in the world of social media so I think altcoins will be welcomed by the cryptocurrency community and that is a very good thing.It may help people to use facebook better, or maybe This coin can be used to buy something in Facebook. But if anyone thinks that Facebook Coin will beat Bitcoin then I will reply that it will never happen and that Facebook Coin will not be real. show up.

[landoffaucets]

They are creating another source of income. Did Satoshi Nakamoto created Bitcoin for profit? No! So why would you use something what is created only for profit, instead of truly decentralized solution?

[anhhung409]

Facebook has what the government doesn't have. Everybody. From every country. From anywhere in the world. But there's no definite date yet for their debut, only rumors until 2020 are their launch days. Certainly many investors will be attracted to this currency and most certainly Facebook users.

[funex]

 This will be  good news to the cryptoworld in my opinion , this is because  we have alot of people who are on facebook but do not have any knowledge about cryptocurrencies . so if the Globalcoin of facebook becomes a reality it will surely boost crypto adoption.

[mich]

Facebook Goes All-In on Fintech With Launch of New Product Group

“We have a lot of commerce stuff going on across Facebook. It felt like it was the right thing to do to rationalize the strategy at a company level around all things payments.”

https://cointelegraph.com/news/facebook-goes-all-in-on-fintech-with-launch-of-new-subsidiary

[mezzaluna]

GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?

Share your first impression!

There are still no updates regarding this Cryptocurrency and we can guess it is because of the worldwide Pandemic which is currently occurring.  Another thing was when searching for "FACEBOOK CRYPTOCURRENCY", another Cryptocurrency was showed and it was LIBRA. Maybe we can see further developments on these Cryptocurrencies once the world is back to normal or at least most countries have controlled their Corona Virus outbreak.

It would also be a big step for Facebook to plunge into the Cryptocurrency Industry since it will be one of the Social Media Networks that is so famous that would use Cryptocurrencies.

[giammangiato]

I believe in Facebook global coin because it will help the mass adoption! This is very important in the crypto-world, more users know about crypto and their use and more this feature will grow good

[Crypto_lion]

Giving our financial control to a big corporate should be the last thing we should do. The whole point of Bitcoin is decentralized finance and handing it over to a corporate or a group of corporate is against the very basic.

[CuriousGeorge]

Giving our financial control to a big corporate should be the last thing we should do. The whole point of Bitcoin is decentralized finance and handing it over to a corporate or a group of corporate is against the very basic.

You should not feel worry about this as facebook itself has already stated to terminate the calibra project and i think there will be no facebook coin will be coming very soon. You should watch the latest news about that.

[hrunya102]

It would be cool if Facebook launched its token before the end of the year and somehow integrated with defi, Oh, what a fire would ignite in the crypto.

[olabiyijummy02]

first time hearing facebook will cause advanced money I to feel cheerful. since by joining Facebook in digital money will make the crypto market greater. Numerous huge organizations, for example, MasterCard, Visa and Paypal are remembered for Libra Associations. a foundation that will control libra and backing libra. however, of late I heard the news that a portion of the enormous organizations (mastercard and visa) chose not to help libra. I was amazed what truly occurred with Libra

[icekohl]

Faceboook has billions of users around the world, so being able to issue their own currency can be a huge concern for the government and other banks. It will have a huge impact on the crypto market.

[fadhilz123]

With such a large number of users, I think fb will soon thrive and have a top 20 position on cmc. If fb releases the coin, the crypto market will be more interesting

You are wrong, are you know about Libra facebook coin?? Many people enthusiastic about this coin before launched but now it's so bad. I try to search it in coingecko and coinmarketcap and Libra coin is no trading activity even though the project from Facebook. So my personal opinion Facebook will not give any impact or maybe only a little impact on the crypto market

[lienfaye]

With such a large number of users, I think fb will soon thrive and have a top 20 position on cmc. If fb releases the coin, the crypto market will be more interesting

You are wrong, are you know about Libra facebook coin?? Many people enthusiastic about this coin before launched but now it's so bad. I try to search it in coingecko and coinmarketcap and Libra coin is no trading activity even though the project from Facebook. So my personal opinion Facebook will not give any impact or maybe only a little impact on the crypto market

It will only create a temporary hype but in the end its just like other coin that has no progress and lack of investors.

We thought its a big thing because the developer is facebook. Well I guess we need to wait longer to see if this can progress positively in the market.

[stadus]

With such a large number of users, I think fb will soon thrive and have a top 20 position on cmc. If fb releases the coin, the crypto market will be more interesting

You are wrong, are you know about Libra facebook coin?? Many people enthusiastic about this coin before launched but now it's so bad. I try to search it in coingecko and coinmarketcap and Libra coin is no trading activity even though the project from Facebook. So my personal opinion Facebook will not give any impact or maybe only a little impact on the crypto market

It will only create a temporary hype but in the end its just like other coin that has no progress and lack of investors.

We thought its a big thing because the developer is facebook. Well I guess we need to wait longer to see if this can progress positively in the market.

The main reason why it did not attract investors is because of the regulatory requirement facebook has to comply first which is not an easy one. It somehow help the market anyway as during that time the market was really struggling, then came the Facebook's GlobalCoin and hype the market.

Here’s why regulators are so worried about Facebook’s digital currency

[Kezacky]

If I'm not mistaken, 2019 was shocked by the arrival of the Facebook project (coin LYBRA) but after rumors circulated that there were still many parties who did not approve of the launch of this Facebook-owned project. Even now, I don't see any positive news about Facebook coins anymore.