Home / Business / Bitcoin, Ethereum and XRP will face Facebook: cryptographic exchanges will be negotiated with the social media giant to list the Facebook coin

Bitcoin, Ethereum and XRP will face Facebook: cryptographic exchanges will be negotiated with the social media giant to list the Facebook coin



It seems that Facebook is negotiating with a number of central cryptocurrency to get its new Facebook coin and pass it directly to consumers, where it would measure Bitcoin, Etherum and XRP.

Four people "informed of the negotiations" told the New York Times that talks are underway and that Facebook plans to launch its new coin in the first half of 2019.

"The Facebook project is advanced enough that the social media giant has had discussions with crypto-currency exchanges on the sale of the Facebook coin to consumers," said four people informed of the negotiations.

Facebook is considering linking the value of its coin to a basket of different foreign currencies, rather than just the dollar, said three people informed of these projects. Facebook could guarantee the value of the coin by saving each coin with a fixed number of dollars, euros and other national currencies held in Facebook's bank accounts. "

According to the report, Facebook could be encouraged to inscribe its play on exchanges to help overcome potential regulatory hurdles.

"Working with cryptocurrency trading would ease at least some of the regulatory burden on Facebook, as exchanges would be responsible for holding digital parts and checking customers."

By putting his piece on an exchange, Facebook would give up some control over how users spend it, negotiate it or transfer it.

"If Facebook was using a coin that it did not fully control, it would be harder for the company to earn money with transaction fees and it would be easier for criminals to use the coin." piece for illegal purposes.

Facebook employees told the exchanges that they were hoping to get a product during the first half of the year. "

It seems that the Facebook piece will not be extracted, which is the same approach that JP Morgan adopts with its new piece.

In addition to exchanging parts on Facebook exchanges, WhatsApp users, of which Facebook is the owner, would be able to send the piece to their friends and family instantly.

Facebook is currently working on a major redesign of its messaging protocols designed to integrate Messenger, WhatsApp and Instagram. Once done, Facebook's new coin could potentially reach 2.7 billion people using apps every month.

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