Facebook Officially Confirmed Their Coin! White Paper To be Out This Month!

[dentolas]

we can say: mass adoption of facebook currency ... and a direct attack to BTC and crypto space ... think about it... this altcoin will instantly have multiple x more users than the whole crypto space...
Will this users open their eyes for the wider crypto, or will they just use what they are told?

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[bassbity]

I don't know whether this can be mass adoption or not? but what I want to know is whether Facebook coins will become stable coins or become the highest altcoin like BNB that continues to increase and will Facebook be like that?

[patz22]

I don't know whether this can be mass adoption or not? but what I want to know is whether Facebook coins will become stable coins or become the highest altcoin like BNB that continues to increase and will Facebook be like that?

A stable coin would be perfect for facebook. As you can see the number of people using their platform it will be perfect for their marketplace and other services because of they will have another altcoin for sure it will be expensive and might lose its supporters. However it would be a jackpot for early adapters.

[anehh]

If in the plan the coin will be tied with several currencies (stable coins) and with the aim of avoiding volatility, there may not be many interested parties. Actually I am interested and have had an interest in investing $ 700 in this Facebook project and will wait for its launch. But it seems like my enthusiasm is decreasing right now.

[Fluxtorrence9]

Then fasten your sit belts and get ready for a more smoother bullrun experience by year ending ,Facebook taking this huge move will open huge population's eye on crypto and this time adoption rate will be marginal

[ivan1975]

I would like to know how they will do the initial distribution of coins: ICO, IEO, airdrop or something else?

[bolshojkush]

I won't said its a mass adoption, it will create more coins for investors to diversify, it could make the btc and other coins transaction volume to decrease, the good thing is the crypto publicity will increase, but I don't like the idea of big companies create their own coin, it could lead to weaken other coins

I fully agree, it would be better to have one stable coin, which all used. So to say a standardized stable cryptocurrency.

[CryptoLogo]

Why do so many people hope to make money on it? It is a stablecoin, how do they even do it? I think it will be a very popular coin worthy of Facebook.

[delarossa]

Honestly, i feel happy if Facebook will launch own their coin. But for what they will use with that coin? Because facebook is from social media basic platform. I don't really know but we should wait for this progress.

[klaaas]

So xrp get some competition in the field.   Sure facebook will produce a coin they can control in some sort. We will see.

[mr_random]

New facebook coin can be a life saver for paying the advertisements in social media for Facebook and Instagram. It is not threat for BTC and it will not be able to replace the top coins. Global coin can not be centralised at least. June will be a interesting month.

[z21770179]

Why do so many people hope to make money on it? It is a stablecoin, how do they even do it? I think it will be a very popular coin worthy of Facebook.

I think they hope to help the market become more popular, not to make money from it. But from it will make a lot of people know crypto

[shakesbear]

In general, this news is positive, because Facebook is a platform with a huge community that will begin to be interested in cryptocurrency.

[levyashin]

If they won't make an ico and if token would be stable i think it can be good for cryptocurrency.

Massive amount of people can start using it.

[rdluffy]

It's interesting, but I not expect the same audience of BTC
I personally don't like facebook policy, I barely use it, and I think most of people here, will not support this coin, it's totally against what we have in BTC

[redsun114]

Facebook’s head of financial services and payment partnerships for Northern Europe has officially confirmed the stablecoin according to this news. https://www.cryptoinformers.info/news/160-facebook-officially-confirmed-their-coin-white-paper-to-be-out-this-month

white paper for the token would be published on June 18.

But the coin will be tied to basket of currencies in order to prevent volatility.

Can we say mass adoption for cryptocurrency?

Wow, it's so cool that facebook is coming onboard to the Crypto space, though what I can see here is a link to a blog and not the official statement from facebook themselves, or is the link to the official post included in the blog post, well I am just so happy that this is happening at this kind of time when so many believe that Crypto is gone already and have given up on it.

[beerlover]

I hope they would make something decent because we really really need it. I don't like facebook as much as the next guy but they are huge corporation who controls the biggest social media websites, they have facebook and instagram and aside from twitter those are the two biggest, they control whatsapp which is the biggest texting app I know (maybe except some chinese version) and that is why they have a huge power over the world and can influence people and can have a say in what crypto
world can go to.

So, if they do a decent one and the coin gets famous then they could literally make crypto currency world a lot bigger than it is right now but if they do a horrible one just for testing then it would be like a joke for us.

[therhslv]

If Facebook will allow users send crypto throught messenger , whatapp then other big companies will follow that and then interesting things will happen Hopefully they will allow BTC / ETH sending throught messenger / whatapp And guess what , new scams attempts will come out lol

[Simple_Plan]

It's great to see facebook is serious with cryptocurrency. With a huge number of users, Facebook will freely advertise for cryptocurrency and spread it to people. SEC recently called out Facebook to ask about its coin. Hopefully Facebook coin will be a nice legal one.

[Utuhikan]

Waw, I am very happy to hear this news. I really appreciate Facebook's steps to compete in issuing crypto currency coins. I can't wait to wait for the coins issued by Facebook and this coin is on the market. I believe the enthusiasm of the community to welcome this coin is very big. I predict that this coin will later become a competitor of crypto currency coins that are classified as great. I hope I can buy this coin on the market. I can't wait for this coin to be on the exchange site.