Facebook is against everything that crypto stands for yet they are creating their own coin.
Probably it will be a utility and big cooperations can steal users data with those coins.
Data privacy ruins the reputation of Facebook, theyve made a big mistake before and thats why the trust on their future coin is still questionable. It will be a utility coin, a loyalty coin that can be used within their platform, and also with other companies and because of this Im confident that Globalcoin will have a hard time to reacht the top 3 position in terms of market capital.