Facebook currency

[Sforextrader]

Facebook plans to launch 'GlobalCoin' currency in 2020

Facebook is expected to outline plans in more detail this summer and has already spoken to Bank of England governor Mark Carney.

What do you think, Will the Facebook crypto-currency work??

 

[Enivid]

It will work as any other centralized electronic payment system (like WebMoney or Perfect Money) works, except it will be heavily pushed by Facebook's marketing department. It has little to do with cryptocurrencies at all.

 

[Sforextrader]

But some crypot investor worried about it!

 

[Sforextrader]

Bitcoin vs Libra:
KEY POINTS: Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they’re used.
From CNBC

 

[Helloyees]

So it will not be cryptocurrency at all ? I bet it will be something like for example Paypal which a lot of people in the world still can't even receive no matter what you say to them anyway. Thanks in advance for clarifying this. Do good things there.

 

[georgequayle]

Facebook plans to launch 'GlobalCoin' currency in 2020

Facebook is expected to outline plans in more detail this summer and has already spoken to Bank of England governor Mark Carney.

What do you think, Will the Facebook crypto-currency work??

been quiet on this front recently

 

[momo3HC]

been quiet on this front recently

And it will get even more quiet. Paypal is already out of this project.

 

[DT77]

Yeah I think it's a troubled project.....

 

[momo3HC]

Yeah I think it's a troubled project.....

Born dead I can even say but also there`s a lot of money in this project so nothing is impossible.

 

[Callum Richards]

Its very centralised. Alot of governments are already trying to stop it

 

[momo3HC]

Its very centralised. Alot of governments are already trying to stop it

France and Germany already stopped it.

 

[Deara11]

Yes, lot of people in Europe do not really like it cause it's not backed up like some real currencies which is backed by real services so I do not see anything good with it. Mastercard and Visa also run away from that GlobalCoin aka Libra.

 

[DT77]

Days are numbered now.....

 

[Petez_FX]

Libra isn't looking promising now tbh. Don't think it will get approved.

 

[momo3HC]

Mastercard and Visa also run away from that GlobalCoin aka Libra.

And not only them. About 9 companies already left a week or two ago.