Facebook Might Be Creating Their Own Cryptocurrency

in steem •  2 years ago 

I found this interesting article about Facebook possible creating their own cryptocurrency. The article states, "A Facebook that uses cryptocurrency could enable that open financial system."

It continues "a cryptocurrency could give them a much-needed adrenaline boost to turn them into payment goliaths. One startup, Tigereum, believes it’s the way of the future. A chatbot that runs on top of Facebook Messenger, it uses cryptocurrency to make international payments easier than ever, enabling superfast exchanges that don’t depend on banks or switching directly between currencies. A Facebook-native solution could make this even faster."

Could Facebook eventually be developing their own crypto that would compete with the concepts that Steemit does? This wouldn't be good news. Any thoughts?

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They better hurry up. Cryptocurrency market cap has already passed Facebook a couple days ago.

Ha that's true!

of course otherwise steem will overtake em

You never know haha

ahah ,nice try facebook :)

Right!

im only use messenger there and thats it :D

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.inverse.com/article/39450-is-bitcoin-in-facebook-s-future-messenger-chief-joins-coinbase-board

It sounds interesting, but from what would they win? the interactions or something?

Good question. Not sure on that yet.

Facebook is a part of the establishment. The US government has discretely nationalized all major banks, media and social networks based in USA. Their mindset is not like this on the Steemit community. The establishment did not get used to share. Their mode of operation is not a win-win situation. I'm just keen to see how the FB crypto would do...