Re: GlobalCoin by Facebook

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

Thanks for providing references guys!

This is an interesting development as I remember that Facebook once had even banned the cryptocurrency advertisements on their platform. Now they're going to launch their own.

You are very much welcome and don't mention it.

Yep, they had banned crypto and ICO related advertisements a year ago. And my feeling was correct with that, that they were cooking something because they were eliminating their competitors.

Now, here they are proudly announced the launching of their stablecoin soon which will be used in their facebook related partners/sister company.

"First they ignore you, then they laugh at you, then they fight you, then they join you."

True scenario.

That's what Facebook did before when they first announced of banning those ICO thingy ads. And now there's truly a quick change for everything, I'm now having that idea that those who did ban or prohibited bitcoin and crypto related stuff can also completely change their decision in the future.

That's how technology will influence because not only Facebook there are many people who are so negative at the beginning of the blockchain but now many people are showing a lot of interest towards the blockchain and its technology and in the coming days we might see more companies will start using the blockchain technology.