Facebook is going crypto and blockchain
Looks like Zuckerberg is wary of steem and other crypto social site that he has decided to build a blockchain and have a crypto coin that will used in facebook, things are looking up for the crypto world cause if facebook builds a blockchain and introduce a crypto coin then things are going to blow up big time and other companies will follow suite. believe he is seen a future ruled by cryptos and he wants to be a part of it. Welcome to the future Mr Zuckerberg
Blockchain is the future and any company that is ignorant of this will most like fail, according to businessinsider.com facebook want to capitalise on the blockchain tech which is very powerful and also find a way to use cryptos as a payment method in their site. One of the reason revenue is low in the developing countries is cause most people dont have bank accounts and using cryptos they can reach the unbanked .
This move will not go well with the banking sector since facebook is a big company that if it goes this way it will open a pandoras box and more companies will join the fray. Facebook has 2 billion users that is 30% of the world population and if the un banked find it useful then people will move to cryptos like a swarm of locust, it will be the tipping point that will move the world into cryptocurrency. Rumors have been going around that Amazon and Alibaba have been secretly building a blockchain. Imagine the implication when this 3 biggest online site start using cryptos.... we will be talking of a revolution and an end to the banking sector as we know it
I think for steem to survive it needs to make it easy for people to register and access steemit and make steem a worthy competitor in the crypto space,