maanantai 17. kesäkuuta 2019

Facebook trying to get piece of Crypto - Sign of a bull run and future mass adoption?

Facebook is launching its own cryptocurrency, GlobalCoin, which will be used for payments in Facebook's platforms (Faebook, Instagram, Whatsapp) but also in partners platforms. These partners are rumoured to be Uber, Spotify and Ebay, only to name a few.

The purpose of Facebook's new, historical initiative, is to unlock new engagement and revenue streams.  The coin is not going to be a "real" cryptocurrency according to true Bitcoin nerds. It is going to be a stablecoin linked to a basket of fiat currencies in order to prevent high volatility. It is not going to be fully de-centralized as Bitcoin is. But, it will have same features which make Bitcoin unique from banks and traditional fiat money system. With cryptocurrency, you are free from banks, big fees, geographic restrictions and central banks.

This is something big. This will bring lot of attention to crypto space. If Facebook's GlobalCoin achieves even some kind of mass-adoption, people are more open to try other cryptocurrencies. I think that Bitcoin is already benefitting from Zuckerberg's effort. We have seen a steady bull run for 4 months already. 


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