Facebook Global Coin Currency To Launch In 2020

Last Update: May 25, 2019

What Do You Think Of Facebook's Launch In To Its Own Global Coin Crypto-Currency?

Mark Zuckerberg is firing on all cylinders for his launch in to Facebook's very own Global Coin in 2020. Negotiating with the Bank Of England and the US Treasury, he seems to be well on his way to making this happen by dotting all his 'i's' and crossing all his 't's' covering himself making sure it will become a success.

How Does Facebook's Global Coin Currency Affect Affiliate Marketers?

If the Global Coin Currency becomes the norm for a lot of purchasers, this will affect the way they make payment for the products we promote through affiliate programs.

Are you ready to provide this as an option for your buyers on your website, or do you have a lot of sceptisism about crypto-currencies in general?

Your thoughts on Facebook's launch in to their Global Coin Crypto-Currency in 2020 will make for very interesting reading and discussion.

Looking forward to reading your thoughts and comments!

Join the Discussion
Write something…
Recent messages
Lez01 Premium
Thank you for post Edu, reading through many of the comments below, it is notable that there is much ignorance, misinformation and justifiable scepticism around Cryptocurrencies. I have ridden the Bitcoin and a few other Crypto 'rollercoasters' for several years and my initially small investment has done rather well. There have been some spectacular highs and plummets and this volatility has been in some part due to 'investors' trying to aggressively make short term gains. The Cryptocurrency concept is seriously disruptive and the traditional banking sector has recognised the threat to their predatory business model. Despite the efforts of the traditional banks to sabotage and negatively spin the concept of Cryptos, a gradually increasing number of financial institutions, markets and role players in the tech sector are showing rapidly growing interest in the Crypto sector. The Facebook announcement aside, Microsoft have also announced that they are seriously considering adopting the Bitcoin Blockchain.

The positives of Cryptocurrencies as manifested by the likes of Bitcoin and Etherium are numerous; anti-inflationary and the easier and cheaper facilitation of cross boarder currency transfers by migrant workers are but two examples.

I personally don't endorse short term speculative / profit taking strategies but $500k of Bitcoin bought in Jan 2019 was worth more than $1000 000 on Fri 24 May 2019. As they are wont to say in the classics, "put that in your pipe and smoke it".

There is a huge amount of credible and authoritative information on Cryptocurrencies available as well as many scams, choose your sources wisely and do the research. I'm happy to assist in
my limited capacity.

Les
Reply
TopAchiever Premium
Thank you Les for your most informative post which will cause us to re-think our misconceptions.

I would still like to know what the US Treasury has to say about Crypto Currencies, do you have any insight to this?

Edu
Reply
Lez01 Premium
Hi Edu, the US Treasury's take on Cryptocurrencies has been inconsistent up to now and when one factor's President Trump into the equation, I think it will be a while before a clear policy position emerges. I think market forces combined with an increasing recognition and adoption of the positive aspects of Cryptos and the Blockchain technology that underpins them, will be the main drivers of more universal acceptance. The British exchequer and the Japanese government (to name but two of several) already have well established projects investigating the official policy, regulation and establishment of Cryptocurrencies. Many emerging and developing markets are onboard the Crypto bandwagon too, my own country South Africa has a progressive governor of the reserve bank who has wholeheartedly endorsed Blockchain technology and has recently announced plans to investigate a state endorsed Cryptocurrency.

So while it is extremely difficult to predict the timing or direction of the US Treasury's Cryptocurrency policy, market forces will the main influencer in any long term policy. I dare say that Facebook's entry into the Global Crypto realm is going to prove way more disruptive than the likes of Uber and Air BnB.

Les
Reply
TopAchiever Premium
Much appreciate you filling in the gaps!
Thanks Les
Reply
Dhind1 Premium
Unfortunately regulation is the key to making cryptocurrencies safer. But that is almost entirely what cryptocurrencies stand against. Perhaps Zukerberg is on the right track, leading towards a more stable market. We will see.
Reply
TopAchiever Premium
Indeed we will.
I'm just intrigued to know if the US Treasury is in favour of the new Global Coin cryptocurrency by Facebook - their feedback would be very enlightening.
Reply
Dhind1 Premium
Good point - if they do get treasury approval it would be a milestone and a feather in their cap. Crypto seems to be on the rise again at the moment. I confess I am not invested.
Reply
TerryAsh Premium
I have some real concerns as Bitcoin was recently hacked. There needs to be a more stable backing to what supports Cryptocurrencies--like gold, silver, diamonds, etc. Our own U.S. dollars were based on gold. Otherwise, I'm not ready to trust all cryptocurrencies yet!
Reply
TopAchiever Premium
I totally agree!
Reply
Lez01 Premium
@TerryAsh I beg to differ, I have had an interest in Bitcoin and a few other Cryptocurrencies few several years. I am unaware of Bitcoin ever having been 'hacked', sure some Crypto-exchanges and crypto dealing entities have been compromised and there have also been some outright scams but I would keen to know of one incident where the Bitcoin Blockchain has been compromised.


Les
Reply
TerryAsh Premium
It was in the news online and print. Google it.
Reply
LLettau1 Premium
I tend to be skeptical of new things. I would not take a ride in an Uber car with no driver. On the other hand I do use a GPS program called Waze every time that I go into and around Houston.
Reply
Brenda63 Premium
I am a skeptic on cryptocurrency. Its not really regulated other than US SEC calls it an utility “security” like an investment similar to stocks and bonds. It now varies from state to state. Meanwhile other federal agencies consider it to be a commodity. Now the US Justice Dept getting involved to determine its legalities. I know many use bitcoins. I’ve seen these machines at our local malls. I shied away from it because it feels like a form of gambling. Until Congress can agree what it is then maybe my skepticism will wane but until then nope.
Reply
TopAchiever Premium
That's a valid point.
Thanks Brenda.
Reply
Sherion Premium
This is the first I have heard of this. FB has enough problems already. (My opinion that they do) I need to read more about this though. Thanks for the info.
Reply
TopAchiever Premium
You are welcome Mary.
Reply
lynnsam61 Premium
This is yet another interesting development for FB. I'm not sure how I feel about it since I have very mixed feelings about FB.

Erica
Reply
TopAchiever Premium
Like you Erica, I am quite apprehensive with FB and this new development too.
I'm hoping the people in the know will be able to help shed some light on the subject.
Thanks for stopping by to comment.
Reply
PMindra Premium
Hi, Edu.
This is going to become a very hot topic over time.

The possibilities are very interesting. It is estimated that there are currently about 30 million users of cyrptocurrency. Now compare that to the fact that there are currently 2.4 billion users of Facebook monthly.

Hmmm....

Regards from Canada.

Paul.
Reply
maydv Premium
Good Edu, that you posted it here. Got this news about FB launching their own cryptocurrency over a news channel, yesterday only.

The payments are already being accepted by many website owners in form of cryptocurrencies including many small site owners too.

If the the Facebook's crypto coin will be based on something easy and fast processing technology other than POW of Bitcoin, people might like embracing use of ClobalCoin in their day to day life. And accordingly face of affiliate payments too might undergo a sea-change

Keep Updating. Thank You
Reply
TopAchiever Premium
I agree, I'm intrigued to see how it sets itself apart from the rest of the crypto currencies and why it would be better to use than others.
Reply
BobRoman Premium
Time will tell about that...
Wish you a nice weekend!
Bob
Reply
Memorylaneuk Premium
Interesting information. I’m afraid I can’t comment yet but it’s definitely something to look into, so thanks for the post.
With Grace and Gratitude
Karen
Reply
Top