Post
Topic
Board Altcoin Discussion
Re: Facebook plans to launch 'GlobalCoin' currency in 2020
by
richmcrich
on 30/05/2019, 12:17:48 UTC
Facebook is finalising plans to launch its own crypto-currency next year.

It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020

https://www.bbc.com/news/business-48383460

Sounds old, but this might be true this time.
Facebook has offices virtually in most parts of the world where they are operating and we know that Facebook platform is a platform used globally, so if Facebook is creating a coin, it will surely be used by its users in different part of the world, but that doesn’t mean it will be a global currency as people claim it will be.

Whatever coin Facebook is going to create will be a stable coin to be used by its business members because I don’t see how useful it will be to an ordinary user since the coin will be a stable coin purposely or their system and not a general utility coin like BTC or ETH.