Post
Topic
Board Economics
Re: Facebook plans to launch 'GlobalCoin' currency in 2020
by
Netnox
on 31/05/2019, 19:39:25 UTC
I personally won't be buying it, or any other altcoins made by big corporations. At least it's a bit of promotion for crypto currencies in general, though.

Don't be very optimistic about this coin. It can do more harm to the crypto market than good. A large chunk of the current crypto market can shift to this coin, given the huge user-base that Facebook is having currently. On top of that, Facebook may try to monopolize the crypto-market, by destroying the other cryptocurrencies such as Bitcoin and Ether.