Facebook seek coin to invest

[shadow.bishop]

If Facebook involve crypto, i can not imagine how market grow fastly

According to the Wall Street Journal, Facebook is seeking investments worth $1 billion for its stablecoin and is talking to Visa and MasterCard about potential support.

Source;
https://www.wsj.com/articles/facebook-building-cryptocurrency-based-payments-system-11556837547
https://cointelegraph.com/news/wsj-facebook-seeks-reported-1-billion-for-fb-coin-amid-talks-with-visa-mastercard

[Pegasus]

Imagining an ecosystem of Facebook, Messenger, Whatsapp and Instagram using FB coin and its internal payment system. Streamers can get instant donation from their audiences by FB coin, people use FB coin to buy extra features on Facebook Dating... It's a lucrative prospect for FB. Follow FB, other tech giants issue their own coins as well. Crypto market will be booming then.

[Cutter Cute]

I have long heard that Facebook will use blockchain technology and want to make new coins for its users, if I see other information, Facebook will create a storage account from Fiat to crypto, so it can be easily exchanged for stable coins.
https://www.theblockcrypto.com/tiny/facebook-is-reportedly-talking-to-crypto-exchanges-about-listing-its-coin/

[Zed0X]

Isn't the title quite misleading?

Facebook does not seek for coin to invest into, it's looking for investors to help them with their plan to create their own stable coin. I'm not sure why they needed to raise such huge funds but if they were able to do so, it could be the end of other stable coins and even xrp.

[dragononcrypto]

Isn't the title quite misleading?

Facebook does not seek for coin to invest into, it's looking for investors to help them with their plan to create their own stable coin. I'm not sure why they needed to raise such huge funds but if they were able to do so, it could be the end of other stable coins and even xrp.

I wouldn't be so sure of that. Remember Telegram's ICO for $1.7 billion over a year ago? What ever happened to TON anyway? That never became a Top 10 coin, despite all the hype. F**k knows what goes on with that project. Just because these powerful social media companies from the tech space are able to raise billions of dollars by clicking their fingers, I don't believe they actually know what they are building, how the crypto space functions, or what crypto users want. This could just be another failed ICO money grab, but more of a mainstream one (like Telegram). FB isn't as popular as it used to be either... I'm obviously very skeptical of this.

[VladEx]

Isn't the title quite misleading?

Facebook does not seek for coin to invest into, it's looking for investors to help them with their plan to create their own stable coin. I'm not sure why they needed to raise such huge funds but if they were able to do so, it could be the end of other stable coins and even xrp.

I wouldn't be so sure of that. Remember Telegram's ICO for $1.7 billion over a year ago? What ever happened to TON anyway? That never became a Top 10 coin, despite all the hype. F**k knows what goes on with that project. Just because these powerful social media companies from the tech space are able to raise billions of dollars by clicking their fingers, I don't believe they actually know what they are building, how the crypto space functions, or what crypto users want. This could just be another failed ICO money grab, but more of a mainstream one (like Telegram). FB isn't as popular as it used to be either... I'm obviously very skeptical of this.

I share your scepticism. Facebook does not want to come up with something new. The company just wants to make more money.

[MrSpasybo]

Facebook is planning to release a new coin, which may be facecoin or something similar, used to participate in community mobilization. I don't think they will actively invest in another crypto project.

[Bobcrypto]

I think that which ever ways Facebook want to be involved in crypto, it will be a welcome development to the entire crypto ecosystem. This is a social media platform that once kicked against crypto especially ICO advertising, now want to lunch her own coin or partner with other companies for a crypto project; this will  further ehence crypto development and awareness plus adoptions. Good luck to Facebook.

[Zed0X]

Isn't the title quite misleading?

Facebook does not seek for coin to invest into, it's looking for investors to help them with their plan to create their own stable coin. I'm not sure why they needed to raise such huge funds but if they were able to do so, it could be the end of other stable coins and even xrp.

I wouldn't be so sure of that. Remember Telegram's ICO for $1.7 billion over a year ago? What ever happened to TON anyway? That never became a Top 10 coin, despite all the hype. F**k knows what goes on with that project. Just because these powerful social media companies from the tech space are able to raise billions of dollars by clicking their fingers, I don't believe they actually know what they are building, how the crypto space functions, or what crypto users want. This could just be another failed ICO money grab, but more of a mainstream one (like Telegram). FB isn't as popular as it used to be either... I'm obviously very skeptical of this.

I wasn't sure either, I was speculating. I wouldn't compare telegram with facebook team though, for some reason something tells me that Mark Z is taking all the necessary steps so he would not f*ck up the launch facebook coin. It may not be as popular as before but it has a very wide network that it can tap when needed.

[dragononcrypto]

Facebook is planning to release a new coin, which may be facecoin or something similar, used to participate in community mobilization. I don't think they will actively invest in another crypto project.

Facecoin would be a hilarious name! I love it 

Isn't the title quite misleading?

Facebook does not seek for coin to invest into, it's looking for investors to help them with their plan to create their own stable coin. I'm not sure why they needed to raise such huge funds but if they were able to do so, it could be the end of other stable coins and even xrp.

I wouldn't be so sure of that. Remember Telegram's ICO for $1.7 billion over a year ago? What ever happened to TON anyway? That never became a Top 10 coin, despite all the hype. F**k knows what goes on with that project. Just because these powerful social media companies from the tech space are able to raise billions of dollars by clicking their fingers, I don't believe they actually know what they are building, how the crypto space functions, or what crypto users want. This could just be another failed ICO money grab, but more of a mainstream one (like Telegram). FB isn't as popular as it used to be either... I'm obviously very skeptical of this.

I wasn't sure either, I was speculating. I wouldn't compare telegram with facebook team though, for some reason something tells me that Mark Z is taking all the necessary steps so he would not f*ck up the launch facebook coin. It may not be as popular as before but it has a very wide network that it can tap when needed.

Fair enough, I guess raising money for a coin in 2019 is a lot smarter than in February 2018 like Telegram did. Creating a stablecoin is considerably less risk than a new ICO project, so it's fair to say they probably won't f*ck it up. I'm still skeptical about the utility given FB seems like a dying breed of social media, unlike Telegram for example.

[anobtc]

I don't think it's a good idea if Facebook doesn't bring breakthrough technology to the blockchain. They can fully leverage existing blockchain platforms and release tokens, instead of building a new one.

[Leonardo]

Isn't the title quite misleading?

Facebook does not seek for coin to invest into, it's looking for investors to help them with their plan to create their own stable coin. I'm not sure why they needed to raise such huge funds but if they were able to do so, it could be the end of other stable coins and even xrp.

I have no problem with Facebook seeking investments worth 1 billion USD. I only wonder how they could do that? Now that Mark Zuckerberg's reputation was tarnished by Analytica data scandal, who's gonna willing to give his money to a China's ass-kisser with betrayal instinct?

I wouldn't be so sure of that. Remember Telegram's ICO for $1.7 billion over a year ago? What ever happened to TON anyway? That never became a Top 10 coin, despite all the hype. F**k knows what goes on with that project. Just because these powerful social media companies from the tech space are able to raise billions of dollars by clicking their fingers, I don't believe they actually know what they are building, how the crypto space functions, or what crypto users want.

I also heard about that Telegram's 1-billion USD fundraising. All of that information was stuffed on the Internet by the way. But, have you ever doubted that? A billion USD project without any shit after 1 year and is neither marked as scam nor updated with any news?

[diygirl]

It's really something interesting. Facebook is often reported to be related to the world of cryptocurrency. Previously, Facebook reportedly banned the promotion of ICO and Facebook wanted to create their own coins. And now the latest news is that Facebook is looking for potential and good coins. This certainly will be very influential for the coins and certain ICO or IEO. Because Facebook is one of the media that greatly influences the development of crypto.

[Rofiastuti]

Very interesting, the existence of facebook has been worldwide, almost 99% of the world population knows facebook if facebook finally acknowledges the existence of crypto, it is not impossible criptocurrency will be more developed and widely known by residents all over the world.

[aiviaa485]

1 billion USD to create a stable coin? OMG?
Very big value is needed from investors but I am sure there will be a lot of investors if they work with Facebook because Facebook itself is a social media giant in this world.