Home / Business / Why will not Facebook crypto push change the world of gaming? Analyst

Why will not Facebook crypto push change the world of gaming? Analyst



Do not expect unbridled enthusiasm for the reported push on Facebook's cryptocurrency.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" I do not think it will be the case Brent Thill , senior technology analyst at Jefferies, tells Yahoo FinanceThe ticker. "We are still stuck in our way of using current currencies. And I think anyone who's been shopping on Instagram today realizes that it's easy enough to use PayPal. You have two mouse clicks and you have a product en route in the day. "" Data-reactid = "16"> "I do not think it's going to make a big difference," Brent Thill, chief technology analyst at Jefferies, told Yahoo Finance "The Ticker". "We are still stuck in our way of using current currencies. And I think anyone bought on Instagram today realizes that PayPal is easy enough. clicks on your thumb and you have a product on the way in the day. "

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "According to the Wall Street Journal, the technology giant has & nbsp;support& nbsp; big names like Visa (V), Mastercard (MY) and Uber Technologies (UBER) for the project. More than a dozen companies would each invest about $ 10 million each in an association to oversee the digital currency, called Libra. "Data-reactid =" 17 "> According to the Wall Street Journal, the technology giant has the support of big names like Visa (V), Mastercard (MA) and Uber Technologies (UBER): a dozen companies would invest each about $ 10 million in an association to oversee the digital currency, Libra.

Facebook is up more than 35% since the beginning of the year, according to reports by which the technology giant plans to launch a digital currency.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This stands as the RBC analyst, Mark Mahaney, in a recent note that Facebook (FBThe cryptocurrency strategy could be "one of the most important initiatives in the company's history to unlock new sources of commitment and revenue." The cryptocurrency (FB) strategy could be "one of the most important initiatives in the company's history to unlock new sources of commitment and revenue".

For its part, Thill predicts that Facebook's support for the digital part will give it more credibility, but that users will take time to adapt. "I think all Internet companies are trying to understand payments. This is a very big problem, "he said.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Facebook plans to unveil its cryptocurrency Tuesday, according to & nbsp;TechCrunch."data-reactid =" 31 "> Facebook plans to unveil its cryptocurrency on Tuesday, according to TechCrunch.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "McKenzie Stratigopoulos is a producer at Yahoo Finance. Follow her on Twitter: @ MckenzieBeehler"data-reactid =" 32 ">McKenzie Stratigopoulos is a producer at Yahoo Finance. Follow her on Twitter: @ MckenzieBeehler

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, Youtube, and reddit."data-reactid =" 37 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, Youtube, and reddit.


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