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if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon hello cutie-pie world facebook become the biggest name in crypto you could call facebook a technological pioneer their model for the social network has truly changed the world the next step in Facebook’s progression will see the man to the blockchain industry with rumors suggesting that one day Facebook wants to use crypto based currencies to become the biggest central bank in the world Facebook have designed a platform that is used by millions of people on an hourly basis it’s so ingrained in our lifestyles that Facebook exists across our devices our telephones or televisions our computers and what next our cryptocurrency wallets the big question for the majority of the crypto community is how will Facebook actually go on to integrate themselves as a part of the cryptocurrency community will they design a wallet to allow their users to store cryptocurrency will they design their own cryptocurrency will they adopt Bitcoin or will it be something else perhaps a Facebook LED remittance payments system if you haven’t got the idea yet the possibilities are truly endless when it comes to Facebook’s role within cryptocurrency because they have the technology and most importantly the financial backing to do whatever they want they can launch new crypto products in an instant realistically the really important thing to consider something that is bigger than Facebook’s financial strength it’s their adoption then use a basin the sheer number of people that use their platform during the last quarter of 2018 Facebook recorded over two point three two billion monthly active users yes that’s active users so this doesn’t include Facebook users that have accounts but don’t use the platform on a regular basis now imagine the scale of a cryptocurrency project that is used by 2.3 to billion users per month a Facebook lad central bank according to a new blog post by Lance then Facebook could plan to become one of the biggest central banks in the world Facebook could do this through the introduction of a cryptocurrency service or things considered a Facebook led central bank does seem like a logical next step and it could mean very big things for cryptocurrency adoption between messenger whatsapp and Instagram which face spoke loans there are a collective 2.7 billion users if Facebook decides to back the value of its own digital with a basket of foreign currencies then it could potentially become the largest central bank in the world because that’s what central banks do print money backed by a basket of foreign currency reserves furthermore not only will this become monumental in world economic history it is also going to become a serious and rapid threat for the existing Giants of the finance industry if facebook issued its own digital currency and all its users had a Facebook mobile wallet with Facebook coins in it then the need for credit cards will diminish more and more you make a purchase online you pay for it with Facebook coins many apps have already integrated user sign in with Facebook accounts payment has just another step away this is a solid theory based off solid grounds Facebook may not intend to become a central bank but through the launch of their stab lick point for what’s happened messenger Facebook would essentially become a hub for huge amounts of money transfer in a range of different fiat currencies this in turn would make them a central bank in a symbolic sense at least we do know that a Facebook coin will launch though Facebook are yet to announce what the true nature of this coin will be many believe that it will facilitate some ecommerce payments online shopping will become a two-step process and Facebook apps I see I like I click buy I hit confirm Facebook coins move from my mobile wallet to the celery immediately there will be no exchange rate spreads and far lower transaction fees social networks instant messaging and e-commerce will become truly integrated you consumers will come to expect the convenience of to click transactions existing ecommerce platforms using traditional payment gateways will have to adapt to compete the true implication of this a faster and more efficient online shopping experience backed by a cryptocurrency that is easy to use easy to access and cheap to run the question this then poses will this eventually led to the adoption of Bitcoin if Facebook do design as tablet point for e-commerce purposes will it be tradable against Bitcoin probably not or not for the near future at least a lack of regulation for Bitcoin and traditional cryptocurrencies means that Facebook will always be uncertain about how they can adopt Bitcoin but still remain within the boundaries of the law moreover because bitcoin is legal in some countries and illegal in others it would be impossible for Facebook to actually police who is trading Bitcoin with establish something that in turn could cause problems such as Facebook becoming a platform very illicit trade too much like Silk Road Facebook faces a real dilemma here it has gotten a lot of public backlash for selling user data in recent years but if it swings to the other extreme and guarantees absolute privacy like rivals telegram and signal then it could potentially become another Silk Road the internet black market that first popularized Bitcoin when users started using it to buy and sell drugs Facebook are set to become the biggest name in cryptocurrency though as it stands nobody really knows how they are going to tackle this the design of a Facebook coin is under way though the true intentions for this coin are still unclear as we delve deeper into 2019 hopefully it’s just a case of waiting to find out thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither a Ohio Bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Bitcoin proponent wink Levesque brothers crypto could be the strongest social network gemini exchanges founders Cameron and Tyler Winklevoss have remained firm on their belief towards a decentralized economy with Bitcoin and that cryptocurrency is strong and unmoved in a recent video interview by CNN business one of the wink Levesque brothers shared that they believe crypto could ultimately be one of the strongest social networks in existence and also wish to play a role in making this a reality the twins are of the opinion that the future of the cryptocurrencies are highly social and may act as a uniting force the duo explained that their goal in this perceived risky cryptocurrency industry is to provide users and investors with a highly regulated platform that is determined to eliminate at least a portion of the risk that is a part of any market in its nascent stage many crypto purists have argued with this view of the brothers as according to them cryptocurrency is a mean to bypassing and will eventually eliminate any centralized institutions that impose regulatory frameworks the brothers elaborated that their product is trust and any person who will want to wait into this space can do so with Gemini as it is the most regulated cryptocurrency exchanging custodian and it is for people like them when asked about their take on cryptocurrencies future with respect to Facebook the brothers were of the view money is the oldest social network and arguably the strongest and crypto is potentially one of the strongest networks of value ever in the world and will continue to do so so hopefully pioneers in that space to some extent the twins are of the opinion that despite people’s doubt the mission of Gemini is clear and their goal is to allow users to engage with crypto in a regulated compliant trusted way thanks for watching this has been the Bitcoin crypto currency market top ten report today sponsored by Ohio Bitcoin comm we appreciate you spending a bit of your valuable time with us we broadcast numerous times throughout the day so stay tuned disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private Keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with the next up to the nanosecond edition of the Bitcoin crypto currency market top 10 crypto report fidelity’s crypto custody service goes live for selected customers fidelity digital assets has launched cryptocurrency custody and trade

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