It will surely have good impact on crypto market in general but some are saying it will outrival bitcoin which is very hard to believe for me ,globalcoin will do fine no doubt but can't rival bitcoin
It cannot rival Bitcoin, I agree with that, I share the same perspective.
However, what makes you think that it will have a good impact on the crypto market in general? Because it inevitably raises awareness for cryptotechnology & DeFi?
I guess Facebook will not stop until make a successful run in cryptocurrency comparing to failed libra, maybe it might be different but for some people altcoins or create a new one is already dead.
The news about new Facebook's Globalcoin is flashed on nationall television and it is said to be issued this 2020. I think this would be a good impact in the world of cryptocurrency. Many people would be more aware about the cryptocurrency and many may have the priviledge to gain and earn so much money using cryptocurrencies. With the pandemic that we are experiencing right now this could be better and can help the economy of thr nations that is subsiding right now. It can also help the stock market to somehow increase again.