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!
Actually Facebook developed their own cryptocurrency project which is named as Libra later but at the end the project was dropped due to regulatory issues from governments across the globe so that is the problem if company tries to launch their own project with stable value whereas they can create a token which value determined by its own demand and supply however it will become just another project nothing else.