Facebook plans to launch 'GlobalCoin' currency in 2020

[Caladonian]

zuck buck is exactly the opposite of satoshi's vision. No privacy

only noobs will buy and spend this coin. Anyone who is aware about how they steal sensitive information will dare not deal with such a shitcoin

The problem is Mark is targeting those newbies, and he really desire to introduce his own versions of crypto where anonymity loses its essence. Like with issues how Facebook leaks user's information, it's not new that this new project might also have the same concern in the future.

It can bring more attention not only to Bitcoin or the crypto industry but the project itself where only newbies will support and patronize entirely.

[Guvn0r]

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It can bring more attention not only to Bitcoin or the crypto industry but the project itself where only newbies will support and patronize entirely.

 I hope this will happen man. Zuck only looks for profit everywhere, it is clear from his actions that he never gave a shit about the users even while handling the most succesfull social media platform ever.

If this brings more attention to BTC, thats the best thing zucker can do (indirectly ofcoz)

[Dellosoft]

Rumours have it that facebook will officially announce the launch of GLOBALCOIN by next month, no one knows if it's true or not. Well, it's certain that there is plan for that coin already, it's going to be a stable coin. They also leaked it will be used to pay their workers who accept that option.

[Kucink]

this is a good, if facebook is interest in cryptocurrency that mean cryptocurrency is get a closer to make it a global payment.
the future is more close and more again, i believe if facebook is in cryptocurrency it will make a big effect.
facebook is once of the biggest company in this world.

[FanEagle]

I think the main utility of the coin would probably be paying facebook for stuff. I mean it could be earned as well or it could be bought we don't know that part yet but the main utility should be something like pay facebook with globalcoin for advertisement spot and you get a cheaper ad instead of paying with us dollars and they get to pay less taxes since they don't have to show it as profit since they are giving it to you and you give it back to them.

I don't know how the accounting of it will be done but in the end I am sure facebook wouldn't do it if they didn't had any profits in this. They are going to make you use it for all they charge you normally and you will pay them with globalcoin whereas they won't pay taxes with it.

[beerlover]

Globalcoin could be a lot of things but first we need to know where it will be used. If they want to create a coin to get rid of the accounting mess of working with 200+ countries then the reality is that people will be using it for facebook only. However, if it is to create a coin to really dominate the technology world and create another source of income then it may have some troubles. If facebook company wants to be paid in globalcoin for facebook ads, instagram ads and whatever else they are getting paid for is then they will be paid in one currency (globalcoin) instead of a million different ones which is fine and I would love to use it and buy it because there is a utility and it will be constantly purchased by people which will increase the price.

[okour999]

If their project continues to work or build a crypto facebook is a lot of investors willing to invest in their project because the facebook community is big and their partner is great and I'm sure that their ico or ieo will be successful .

[syaripudin]

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

 

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.  

 

I see this news on: BBC News
Link: www.bbc.co.uk/news/amp/business-48383460

Obviously Facebook will immediately get success in the crypto world, considering they already have users all over the world and it's very easy for facebook

yes it is one of the advantages that can be obtained by Facebook in promoting the coins to be released, because its users (Facebook) are very global in the community. even today many cryptocurrency users use Facebook social media to promote other platforms in it, therefore, if Facebook launches its own cryptocurrency, it will not have difficulty promoting their programs because almost all the world can access the Internet, of course they have a Facebook account and things it will be easily recognized by the public

[freedomgo]

If their project continues to work or build a crypto facebook is a lot of investors willing to invest in their project because the facebook community is big and their partner is great and I'm sure that their ico or ieo will be successful .

I don't know how particularly this will be done, but AFAIK, this is a stable coin and therefore investors can't expect a profit in the growth of the price just like USDT.

[mammoniter]

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

 

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.  

 

I see this news on: BBC News
Link: www.bbc.co.uk/news/amp/business-48383460

That is actually a milestone in the world of cryptocurrency. Considering how large a company facebook is, its surprising that they are interested in crypto. I think its a great develop in cryptocurrency in general. When this happens, it might attract more huge companies out there to make and introduce their own crypto. More and more people will also be attracted and will invest in cryptocurrency.

[cahbagus555]

If their project continues to work or build a crypto facebook is a lot of investors willing to invest in their project because the facebook community is big and their partner is great and I'm sure that their ico or ieo will be successful .

I don't know how particularly this will be done, but AFAIK, this is a stable coin and therefore investors can't expect a profit in the growth of the price just like USDT.

Even if Facebook coins will be like tether, people will definitely prefer Libra coins because they are backed up by real assets and big companies. If Libra Coin is a stable coin it will be a competitor for Tether or other stablecoin and not bitcoin

[ali115112]

As you know Facebook coin have importance and when will launch own coin Global Coin than you will see almost 2 Billion people will come in crypto network and this will boost crypto market .

[shadowduck]

As you know Facebook coin have importance and when will launch own coin Global Coin than you will see almost 2 Billion people will come in crypto network and this will boost crypto market .

I do not think that all 2 billion will come to the cryptocurrency market, but I think that at least 2 billion will start trying to figure out what cryptocurrency is

[JasmineRose]

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

 

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.  

 

I see this news on: BBC News
Link: www.bbc.co.uk/news/amp/business-48383460

It's very good for people who always using facebook. Because they can get token from facebook. No waste time. Will get money and maybe the price will hit so much. I'm waiting it in the future

[katerina5643]

tbh its a very controversial news. on the one hand Global coin will be really easy to get, retain & use it. But on the other hand we dont know exactly about its safety and real purpose.
however, it seems to be good payment system.also u can read more information here https://finance.yahoo.com/news/facebook-inc-fb-wants-more-220415665.html

[Malam90]

I am Just see a news.
And i am existing for it.
Facebook like to launch a cryptocurrency!

 

I think this project successful easily. Becuse, Facebook is most public social site. Many many people use Facebook for communication.  

 

I see this news on: BBC News
Link: www.bbc.co.uk/news/amp/business-48383460

Facebook will launch a new coin and the team set name of the coin is LIBRA. It is still in the discussion position and the developers are planning for possible improvements. If really facebook launches LIBRA, it would really a strong coin after BTC and ETH.

[katerina5643]

hey , everyone. recently i have found an interesting thread regarding this discussion. You can check it following the link.