Author: Xiaoyan
Author: Xiaoyan
Facebook is going to issue coins!
Fuck, can you stud?
The regular army is here, is Bitcoin going to die?
As soon as the news of Facebook's "coin issuance" came out, the currency circle was shaken, and various questions from investors came one after another, because this melon is really too big. Domestic users may not know about Facebook. For some reason, we cannot use Facebook. Simply put, Facebook is an overseas social software, including its WhatsApp social software. There are more than 2 billion users in the Facebook ecosystem, and the volume is far Much bigger than Tencent WeChat. Therefore, Facebook's entry into cryptocurrency certainly deserves the attention of the currency circle, but it is not what everyone thinks.
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What's going on with Facebook's "coin issuance"?
For friends in the traditional investment circle, Facebook's "issuing coins" is a bit unbelievable. Isn't "issuing coins" a thing to fool people? Why is Facebook doing this?
Although Facebook is a global social giant, its source of income is very single, almost only relying on advertising revenue. In order to "self-help", Facebook uses the characteristics of a global social platform and takes cross-border payment as a rigid need to issue cryptocurrencies along the way, and further develop based on this network. For financial-related businesses, after all, the ability of payment portals such as Alipay and WeChat to develop businesses in a very wide range of scenarios has been proven.
As a result, Facebook started the "coin minting" movement. At present, the white paper is scheduled to be released on the 18th of this month. The project code name is Libra, and the official name of its digital currency is "GlobalCoin".
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So is "GlobalCoin" worth investing in?
First of all, we must understand that "GlobalCoin" and the currency we fry are two concepts. In essence, "GlobalCoin" is a stable currency, which is a stable currency anchored to the legal currency of many countries. The purpose is to make cross-border payments, facilitate the exchange of currencies of various countries, and realize cross-border payments at stable prices. It has no commodity attributes.
To give a domestic example, Alipay balance and WeChat change are essentially stable coins, or intermediate coins. Facebook just turned the money into digital currency, which is the mapping of legal currency on the blockchain, and has no hype value in itself.
Just ask, would you run to speculate on a highly centralized stablecoin?
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So what is the actual impact of "GlobalCoin" on the currency circle?
Since "GlobalCoin" is a stable currency, does it have anything to do with the currency circle? No, it has a lot to do with it.
1. Facebook has more than 2 billion users worldwide, and almost one out of every two Internet users is a Facebook user. Once the public is more willing to accept digital currency, it will affect more people to enter the encryption era, which will stimulate more people to compare Bitcoin interest and investment. After all, currencies such as Bitcoin are truly decentralized cryptocurrencies.
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Summarize
Summarize
Facebook has almost half of the world's Internet users. The launch of Facebook's cryptocurrency will influence more people to enter the encryption era, and will also allow more traditional technology and financial companies to enter the encryption field.
