A random idea bumped my head and has got stuck ever since. The only remedy for this is to be satisfied with other members view or opinion on this topic.
Majority of us here make use of social media tools like Whatsapp, telegram, TikTok, Instagram, Facebook and the likes. Most persons also use these social media apps to market their businesses no matter the product, no matter the distance, no matter the boundaries, and people have been making money after gaining the trust from followers.
My thought happens to be what if a social media app management like Facebook decides to launch its own cryptocurrency? (A currency that is decentralized as Bitcoin as well as it having other properties and functions than meets the eye and qualifies as investment worthy or trade worthy coin.)
How would it look like if other social media apps follow suit and start launching their own cryptocurrency too?
How will this impact a countries economy?
Let's discuss!
It depends on its purpose; the function of the tokens will depend if it has impact on other states economy. I think if the design is right, it can function simultaneously without having any negative impact on other nations economy. I remember Facebook wanted to launch their own stable coin but was not approved because it will a direct competitor to US Dollar but if it is just designed to be used on the platform alone, just like all these in game currencies it will be good for everyone