Have you heard of the Facebook Coin?
If you are wondering if this is True or not then let me make it clear for you Guys. Yes, it is True that Facebook is indeed trying to bring their own Cryptocurrency which may or may not be called Facebook Coin. According to all the articles that are currently available on the Web it is said that the Cryptocurrency that Facebook is planning to bring will be pegged to a bunch of different FIAT Currencies which may give them a little volatility but at the same time a certain Stability. Truth be told this idea kind of makes sense but the fact remains that it will most definitely be Centralized.
What do you Guys think about Facebook Coin?
I would love to hear some thoughts about this so go ahead and fill up the Comment Section.
The only real benefit, is it will bring the cryptocurrency world to the general population, allowing for it to be more heavily adopted and bought. This will really boost crypto growth and we all will benefit.
I will be making another post about the affect of this Coin and you are kind of right in this point.
Facebook has a huge Userbase and if they launch their own Cryptocurrency they will be kind of forcing it to their entire Userbase and once they are well versed in their Centralized Cryptocurrency people will seek more and which in turn lead to more people looking for more new Coins.
Plus I don't think they will be able to create a FIAT gateway for their coin which means Facebook Users will have to buy Bitcoin first to buy their Facebook Coin.
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They will definitely force it onto users, or at least market the shit out of it with promotions and special deals. I would only consider buying some low for one reason.. to sell when it grows as it no doubt, will explode and net a nice profit.
If it is, then it will be awesome.
Thus facebook coin can change the scenerio
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If it will happen, I think many Filipino citizen will be aware what it means cryptocurrency. But I don't know if they will be interested, most of people's post there are showing up.lol
I knew because I live in Philippines.
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