2019-6-14 17:30 |
The crypto-market has long been preparing to welcome Facebook and its pet crypto-project. The social media giant continues to expand its reach after receiving backing from Visa, Mastercard, PayPal, and Uber. According to reports, Facebook signed on more than 12 backers for its stablecoin, GlobalCoin, all of whom have individually invested approximately $10 million.
Host of CNBC’s Crypto Trader, Ran NeuNer, was among the handful of people who was excited about Facebook’s project and the adoption it could drive. However, he later backtracked and appeared to worry about Facebook’s large user base. NeuNer first tweeted,
“This Facebook crypto project is so exciting.The idea that 1 company can enable 2bn people to transact across borders,with low transaction fees, using one digital currency, across WhatsApp, Facebook,Instagram & others is the most exciting financial revolution the world has ever seen”
However, NeuNer soon realized the control the social media giant can have due to their strength in users. He added,
“This Facebook crypto project is so scary. The idea that a company with the biggest user base in the world, effectively controlled by one person who keeps over ruling the board is now launching a digital currency that will allow 2bn people to transfer assets frictionlessly…”
He also pointed out how the social media giant will have more users than the US Dollar. NeuNer’s paranoia shot through the roof within minutes, from happy to hysterical, as he posed the prospect of Facebook’s Chief Executive Officer, Mark Zuckerberg, becoming an ‘unelected dictator’ in the future.
Ran NeuNer said,
“He who controls the money has the power and soon , if not already , Zuckerberg will be the most powerful, unelected dictator in the world”
However, the community seems to be unaffected as most users are of the view that Bitcoin will remain safe, despite the introduction of GlobalCoin. Facebook’s new coin is a step towards “Bitcoin’s mainstream adoption,” some say.
The post CNBC’s Ran NeuNer turns 180 on Facebook’s GlobalCoin; calls Zuckerberg an ‘unelected dictator’ appeared first on AMBCrypto.
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