Facebook Accepts Crypto Ads Again
Looks like Facebook is changing its stance on crypto currency ads. Facebook decided to allow some crypto ads on its platforms starting June 26 “while also working to ensure that they are safe.” Crypto advertisers will have to fill an application for their ads to help Facebook assess whether they are eligible. The idea to prevent fraudsters from posting on Facebook.
This should be positive news for cryptos since Facebook still has plenty of users around the world. Hopefully, this will be successful and lead to Twitter and Google lifting their bans on crypto ads. When news broke that Google was banning ads, the crytpo market took a 10 percent decline on the news alone, even before the ads were actually banned. Bitcoin declined 7 percent when Twitter made their announcement. "The Twitter ban meant that the three biggest digital ads providers had banned crypto ads, a big blow to the industry. Microsoft’s search engine, Bing and popular email marketing service MailChimp also banned crypto ads, but the effect on the price of Bitcoin wasn’t as significant."
There are 2 schools of thought as to why Facebook is lifting their ban...one is due to the fact that they are losing ad revenue and users even since their data breach a few months earlier. The second is Facebook’s recent interest in cryptocurrencies and the blockchain. FB has recently put together a blockchain research team which was charged with the responsibility of developing blockchain solutions which can be integrated into the company’s platforms. There are also rumors that perhaps FB is working on their own cryptocurrency that can be used for micro-transactions on their site.
Either way, I will take this news as a win for crypto. We can use all of the good news we can get. The market has been hit pretty hard recently. Hopefully a few more positive stories like this and things will get back on track and we will see more money returning to cryptos. Please share your thoughts and thanks for stopping by.
https://www.crypto-news.net/facebook-accepts-crypto-ads-again-but-ban-on-icos-remains
Facebook just realised it mistake and they definitely don't want to left behind from this revolution
As long as the system isn't abused, this could be very good for crypto. The public need to learn the many advantages of cryptocurrencies and cryptoassets without all the negative things they hear from the media.
I agree. By taking ads off of FB, people treated that as negative news. Hopefully, now that ads are returning, people's trust and confidence will come along with it.
good news.If fb start to add again then twitter and other social media also have to start it, pretty well news is this !!!
That is what I am hoping for...FB makes the 1st move, and the rest follow.
I Think Facebook is a ..... Ummmma Social Media
Social media used around the world. If they start advertising again on FB, then word will get out and people will have a renewed interest in crytpos.
@pbgreenpoint it's a really good news.. hope they applied soon!!
I agree and I hope so too!
I read a post some days ago, facebook buying coinbase. What are your thoughts about it?
I read that as well...I take that as good news. FB purchases successful competitive products and incorporates it with FB. It worked wonders for Instagram. It would have to be a good thing for crypto.
Lets see what facebook does next.
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