Facebook in talks with Coinbase and Gemini exchanges regarding the launch of its “Globalcoin” just months away

It’s been in the pipeline for the past year but it looks like Facebook is edging ever closer to launching its own stable digital currency, “Globalcoin”, though that may not be the final name. And they’re not doing it alone as reports surface regarding their discussions with major US crypto exchanges Gemini and Coinbase.

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The former is owned by the Winklevoss twins, who ironically are famous for suing Mark Zuckerberg, saying he originally stole their idea to create a social networking site. I presume they have overcome their differences because that very same social media site is now in talks with them regarding a cryptocurrency launch. I guess the twins did win a $65 million lawsuit against Zuckerberg, but that all looks like water under the bridge now as they go into discussion with their nemesis once more.

Business will always bring such venture capitalists together if there’s profit to be made. As founders of the exchange Gemini, the world’s first Ether exchange to be licensed, they might do well to get Facebook on board and help launch this new Globalcoin to the masses. This will definitely be a win-win scenario for the old enemies.

Isn’t it lovely when crypto brings competitors together?

And for Facebook to go into talks with Coinbase is not surprising since the head of Facebook’s crypto division is none other than former director for Coinbase, David Marcus. They are all connected via the revolving door of management. They have presumably has this idea for a while now and the time has come to get the major players involved who will launch it to the 2.4 billion WhatsApp, Messenger and Instagram users.

These platforms are all owned by the same company that is Facebook now, an inevitable monopoly as usually happens with giant corporations like this.

Well, now they are becoming a bank as Zuckerberg also has talks with the Governor of the Bank of England, Mark Carney, as well as payments company Western Union. Could Facebook get any bigger? And they’re also getting on board the blockchain train. This could be a game changer for the crypto industry as it goes mainstream among the masses via the social media platforms loved by so many.

And for Facebook to go into talks with Coinbase is not surprising since the head of Facebook’s crypto division is none other than former director for Coinbase, David Marcus.

They are all connected via the revolving door of management. They have presumably has this idea for a while now and the time has come to get the major players involved who will launch it to the 2.4 billion WhatsApp, Messenger and Instagram users. These platforms are all owned by the same company that is Facebook now, an inevitable monopoly as usually happens with giant corporations like this.

Well, now they are becoming a bank as Zuckerberg also has talks with the Governor of the Bank of England, Mark Carney, as well as payments company Western Union. Could Facebook get any bigger? And they’re also getting on board the blockchain train. This could be a game changer for the crypto industry as it goes mainstream among the masses via the social media platforms loved by so many.

This will be the new Visa and Mastercard, as curiously Facebook actually approached those two companies for financial backing, along with that other Bitcoin venture capitalist Tim Draper. This is certainly one of the biggest movers and shakers to enter the blockchain and crypto industry to date, and the repercussions of Facebook’s Globalcoin could be historic, just as Facebook itself was historic in the social media revolution we take so for granted today.

At this rate Bitcoin, blockchain technology and cryptocurrency will all also be household words one day, used by most of the planet on a daily basis – as if it was always there. As to how closely it will align with the original precepts and ethos of Satoshi Nakamoto in decentralizing control and empowering the individual remains to be seen.