Last week, he informed the rumor in the industry that Facebook. A social media giant with over 2,000,000,000 active users. It is developing a new stable currency in cryptocurrency. Symbolic details included a focus on utilization for payments through the WHATSAPP messaging service. With particular emphasis on expanding the largely untapped digital payment market in India.
Some experts used the development of Facebook as an opportunity to throw stones at the cryptocurrency industry. They are arguing that Big Tech is taking the lead in the blockchain. Unlike Cryptocurrency, which is use as a Subversion tool for the established technology industry. As well as the digital asset of the party has the potential to ignore the traditional Fiat. Facebook coin boom puts in motion the Most fighter for the freedom of narration.
However, the adoption of Cryptocurrency by a company as large and integrate into the global social system like Facebook is an indication that the technology is reaching a critical point of approval instead of being absorbed by the spirit of the times On established platforms.
Will a Cryptananquistist get angry if a regular company jointly chooses for its favorite technology? Maybe. The emergence of Google and the Internet conglomerates did not slow down the growth of the exchange of files and data for those who saw the technology as a free distribution information portal. Cryptocurrency will find a similar base for different groups according to their needs.
Stablecoins provides Facebook and related social media platform ideas with a safe way to transfer value globally. Offering truly digital money innovations. Bitcoin, like many other CryptocurrencyCias, occupies another place as a digital asset that can be freely discussed. Speculated and treated as an investment property in addition to currency.
If the tomb of the crown continues to conquer the ground in large companies-Revelation. Few investors in this sector will see a sad increase in private currencies may be a logical continuation. While Facebook, Twitter, and other random transactions prefer no volatility in stable rooms. Certainly, o
Bitcoin and other Cryptos use to buy Starbucks coffee, not to overthrow governments. Facebook does not take anything from the industry by building its own currency. But it contributes to recognizing the industry as a legitimate technology and testing its use.