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

[MOProgress]

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?

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[pinkpanther03]

One of the requirements to mass adoption is the stability of the coin's value, meaning volatility is one thing that hinders it. With as facebook says, "stablecoin", something has to be done to make it stable. Let's wait and see what are their plans.

[dataispower]

Definitely if globalcoin by facebook goes live, it's a win win for crypto. We will see a boom in overall market cap and this will also drive towards more and more adoption. Let's hope for the best. I believe globalcoin will be a stable coin to prevent the volatile market from affecting its price grossly.

[Jrfranco]

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?

Just for one thing i dont like stablecoin, its really hard for me to make an analysis how we can profit from trading on it, its just a stable value, used only for payments.,well for me, if this is really true then i would assume that more and more users will engage in crypto as long as the stable coin of facebook will materialize in the future, this means it will also affect the performance of the whole crypto industry.

[kalstarzz]

they already have big names in our society, just how they will implement the strategy to maintain the stability and sustainability of the coins they will launch. we can do adoption after we see what they are going to do, for now we can only wait.

[CutePanda]

Definitely if globalcoin by facebook goes live, it's a win win for crypto. We will see a boom in overall market cap and this will also drive towards more and more adoption. Let's hope for the best. I believe globalcoin will be a stable coin to prevent the volatile market from affecting its price grossly.

Such a great news to start a day. It will definitely pump up the market to be better with Facebook join crypto. I think crypto is slowly but sure will be dominate and more popular in the world.

[Lan75]

Can we say mass adoption for cryptocurrency?

With millions of people using Facebook, for sure people will get to know cryptocurrency more with this launching of Facebook with it's own coin.

I just don't know if this could be a good thing for crypto since Facebook will try to mask the volatility of crypto by tying it to a stable coin which is not really a property of crypto.

[Shasha80]

I can't imagine after Facebook launches their coins, of course this is big news in the world, because we know that Facebook is used by all people in the world, people's trust in crypto will increase

[HyperionXtech]

It is hard to tell if a platform like Facebook can progress after all of the data farming and privacy issues that have been publicized this past year.

They can potentially be using it as a gimmick to draw in a new crowd and try to keep those who are leaving. Also they are preaching about using blockchain technology, but all they are doing at this point is adding  a few features and a token to their existing centralized platform.

They are not taking steps to secure their data or the privacy of their users.

The true intentions of Mark Zuckerberg and the Facebook organization will be discovered with time.

[patz22]

I heard the rumor and I hope it would be true. Most of the people around the world have facebook so meaning to say adaption will be all over the world and for sure this is going to be huge. Probably with facebook's innovation they create their own exchange and with their users it can be the next binance or even bigger than them.

[PLATO]

I heard the rumor and I hope it would be true. Most of the people around the world have facebook so meaning to say adaption will be all over the world and for sure this is going to be huge. Probably with facebook's innovation they create their own exchange and with their users it can be the next binance or even bigger than them.

I believe that if Facebook is involved, other top exchanges will compete fiercely for rank . I think this is the biggest investment social network and it will give us a huge community and top investors will know more crypto. Actually I am waiting for that day and will start to learn to be able to make a profit at the world's leading company. Maybe now is not a good time but I advise people to pay more attention because Facebook is very serious about this project.

[Jatawneh]

Can we say mass adoption for cryptocurrency?

interesting, yes we can see so many other platforms take a step and follow Facebook, but the question is will they ban other cryptocurrency promotion in the Facebook.         

[Juggy777]

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?

After months of speculation it’s finally confirmed that Facebook is launching it’s own stablecoin a crypto, isn’t it ironic a while ago they banned crypto ads and now they’re launching one. This stablecoin is fiat wrapped in a new wrapper, and I see no value in this stablecoin hence I’m not going to purchase it. The answer for mass adoption could be a yes cause it’s launched by Facebook people will buy it, but then again it could be a no too once people realise it’s a gimmick and not worth their money.

[Caladonian]

I heard the rumor and I hope it would be true. Most of the people around the world have facebook so meaning to say adaption will be all over the world and for sure this is going to be huge. Probably with facebook's innovation they create their own exchange and with their users it can be the next binance or even bigger than them.

I believe that if Facebook is involved, other top exchanges will compete fiercely for rank . I think this is the biggest investment social network and it will give us a huge community and top investors will know more crypto. Actually I am waiting for that day and will start to learn to be able to make a profit at the world's leading company. Maybe now is not a good time but I advise people to pay more attention because Facebook is very serious about this project.

We will anticipate more big players to comes up with this idea, Facebook will open the doors to more well established businesses to also consider this crypto currency, by making their own version of token  for sure the marketing team will make a good use of it to be promoted from each sides of the site, making it more popular and gather more interest from different types of people all over the world.

[MbakNarti]

Finally, Facebook has given more information and this is good news for all of us cryptocurrency fans. Regarding mass adoption for cryptocurrency, I think the possibility will be wide open. But my question is why is it stable coin? Isn't volatility more attractive to many people? Let's wait for the next good news, after June 18th.

[Ss4sukE]

they already have big names in our society, just how they will implement the strategy to maintain the stability and sustainability of the coins they will launch. we can do adoption after we see what they are going to do, for now we can only wait.

yes, I think it's familiar with Facebook that they already have big users in the real world and if Facebook is released faster later this month, I think Facebook will be easier to attract users in the crypto industry. let's wait for whatpapper to be released at the end of this month

[Lakai01]

Finally, Facebook has given more information and this is good news for all of us cryptocurrency fans. Regarding mass adoption for cryptocurrency, I think the possibility will be wide open. But my question is why is it stable coin? Isn't volatility more attractive to many people? Let's wait for the next good news, after June 18th.

Volatility is attractive if you want to trade the coin. If you want to load your facebook account with money to buy goods in eg. games you definitly dont want any volatility. Imagine you load your amazon account with 100$ to buy some goods and at the checkout you only have 90$ anymore cause your currency crashed.

[RomanPetrush]

Finally. Again another stable coin. This news is huge for crypto space. Anyone who never used crypto will start to use it because of FB coin. People who were afraid of crypto as well will buy it.

[Indrawan77]

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

[Lagonda]

Maybe Facebook will lead the trend of giant tech companies on crypto and somehow make crypto more popular to people. But the tech giant's involvement will definitely violate crypto's decentralization. Anyway, this is good news to cryptocurrency in general and let's wait to see how facebook deal with its coin.