Would Facebook Launch Its Own Digital Coin? Clear Report

The world’s social media company Facebook is planning to release its own crypto coin, News reported on Friday.
Sources revealed that Facebook has $533 billion market cap that is a $140 billion larger than the current ongoing crypto market fun and company wants to subjective core serious discussion with their blockchain research team towards launching coin.

Also, News reported that Facebook is rather focused on launching its own crypto coin which would attract its more than two billion users to increase crypto transactions without government hedge. As CCN reported, the Facebook team is also exploring the way so that it might make the best use of the core functionality of current blockchain technology to better understand the customer identity verification and secure fund transactions.

Facebook executive “David Marcus” (former President of PayPal) who will lead this team towards researching blockchain technology with his clear distinct experience of digital payments.

This Business Experience seems facebook “Strategic Market Venture” to holding their presence on cryptocurrency market to build up its own digital cryptocurrency and perhaps it would likely be launched within six months or years away.

Some industry experts said, Facebook is not only one company to launch its own digital coin but Telegram raised $1.7 billion through an ICO to market a Telegram Open Network blockchain system. Even chat messenger app “while chat” is planning to create a blockchain token called “Kin”.

Facebook executive Heath stated, the company could not plan to launch a digital token just right away because the company has billions of dollars projects to research, execution and expand so selling the token isn’t a great way but company may airdrop the coins to its users and felicitate them in another way

"Featured Image taken from thecryptograph. net"