Facebook’s stablecoin might bring ‘whole different way that doesn’t rely on social network in China’

2019-6-15 13:03

Social media giant Facebook’s ambitious cryptocurrency project with some big names as partners has garnered significant attention. Facebook signed a dozen companies including big shots like Uber, PayPal, and Visa for the much-hyped stablecoin. The cryptocurrency community was not overwhelmed after the news broke, with several influencers and proponents calling out the tech giant and its upcoming rollout.

Siding with the Mark Zuckerberg-led Facebook cryptocurrency project were the RBC Capital analysts Mark Mahaney and Zachary Schwartzman. The two analysts in a note asserted that the project has “crypto opportunity” which would “unlock new engagement and revenue streams”.

Citing the note regarding Facebook’s foray into the world of virtual cryptocurrencies, Dan Nathan, a well-known panelist on the latest edition of CNBC’s Fast Money, said that the social media giant has two motives – Payments and Commerce.

In terms of commerce, Nathan explained that in Asia, Facebook already has about a billion monthly active users in the region which is 4x greater than the user base in North America, thus picturing a great potential for money inflow.

According to the Fast Money Trader, it is “not about the hardware but the operability of the apps” on the phone and added that China has successfully integrated payments and commerce in their native social networking called WeChat. Hence, despite China blocking Facebook along with many other global social media providers, the CNBC panelist speculated that the new stablecoin might create a scenario driving Facebook into the country “in a whole different way that doesn’t rely on social network”.

Another Fast Money Trader, Steve Grasso, claimed

“Isn’t it amazing how with all the headwind that Facebook has had, it’s up by 38% YTD. I think this is another testament to, maybe the people are taking their eye off the ball on the privacy concerns. Now they are throwing a little bit of Bitcoin icing on the game.”

The post Facebook’s stablecoin might bring ‘whole different way that doesn’t rely on social network in China’ appeared first on AMBCrypto.

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Èñòî÷íèê: ambcrypto.com

facebook social → Ðåçóëüòàòîâ: 126


Ôîòî:

Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here

Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.

2018-10-13 02:00


New Zealand PM Used As Pawn In Fake News Site

Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup. A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country.

2018-10-12 16:30


Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

2018-10-10 16:30


Ôîòî:

Facebook advertisers can target you with data you didn’t even list on your profile

Facebook is sharing personally identifying information that you never submitted to the social network with its advertisers – and you can’t erase it from their records. That’s from a paper (PDF) published by researchers at Northeastern University and Princeton University, who looked into how ad targeting works on Facebook.

2018-9-28 08:41


Ôîòî:

Billions Of Dollars In Advertising Spend Is Wasted Each Year, Here’s How It Can Be Fixed

Image Source: The Drum With an increasingly online-focused economy, many of the resources on the internet today remain free to access for consumers. Things like Google’s email platform, YouTube for entertainment, Instagram, Facebook, Twitter, and Snapchat for social media, all provide value to consumers completely free of charge, or free with the option to upgrade (think YouTube Red, G Suite, etc.

2018-9-18 13:15


Ôîòî:

Social Media Crypto Projects Like Reddcoin (RDD) Should Thrive In The USA

There is a disparity between how lawmakers in the US regulate the financial sector and the tech sector. An established banking industry makes it a hard climate for newcomers to succeed. Tech giants, like Facebook, Twitter, and Google exploit their position in a still nascent industry (as well as regulators’ ignorance) to enjoy limited oversight […] The post Social Media Crypto Projects Like Reddcoin (RDD) Should Thrive In The USA appeared first on Crypto Briefing.

2018-9-11 18:42


EU to fine social media platforms that take more than 1 hour to remove extremist content

The European Union is reportedly planning to impose stricter regulations on social media platforms including Facebook, YouTube, and Twitter over the removal of online terrorist propaganda. The Financial Times reported on Sunday that according to new draft regulations to be published next month, the EU plans to impose fines on companies if terrorist content is not deleted within an hour of posting, abandoning its earlier approach of getting internet platforms to remove such content voluntarily.

2018-8-20 07:41


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