Facebook and Telegram are hoping to succeed where bitcoin failure In this video we are going to talk about information that has just been published recently in an article in the '' New York Times '' where they publish information Confidential about the future facebook currency, but before starting my name is Miguel, this is Cripto Sphere, and if you like this type of content do not forget subscribe, give the bell notifications and leave a like to video, so now we go with it
This article that comes directly from the '' New York Times '' and basically shows that the evidence is becoming more and more clear is no longer a rumor is almost a reality the evidence that facebook among other large companies will launch its own native cryptocurrency, so Facebook will create the facebook coin in fact over the past year we knew there were many rumors that facebook is already working on implement technology blogs on your platform with the goal of creating your own crypto currency here says in this article that there is an interview to five people who are familiar with the subject and they spoke on the condition that they keep due to the confidentiality agreement they signed and according to the 'new york times' and according to these people in the interview this is something that they will launch within the first half of this year is to say that the internet teams included facebook telegram and signal plan to launch new crypto currencies during the next year that will allow users to send money to contacts of your messaging systems as acb or paypal so they can move across international borders the most anticipated but secret project is underway on facebook the company is working in a currency that whatsapp users which belongs to facebook can send friends and family instantly and this according to five people who wanted to remain anonymous in fact the draft Facebook is so advanced that they have had conversations with exchanges of crypto currencies on the sale of facebook currency to the consumers and last year initially when when they started the rumors about facebook starting to work or investigate how to implement blogging technology in began as as an internal start-up with about 10 people working on that division and now they say they have 50 engineers working on this project and the former president of paypal david marcus is the one who directs this effort facebook david marcus was originally hired on facebook to work the messenger division and then they transferred it to the internal start-up of the division of the crypt unit of block change and deivid has contracted many people for this division and now there are 50 or more than 50 people working in the project and something interesting that I saw here is that they say that the team that works in this you have an office and an access card with independent access by what other facebook employees do not have access to or can not access and this is information from two facebook employees so they show that they try or have tried to keep things secret and these 5 people interviewed who reported on the work of the Facebook teams said the Facebook coin is probably a currency that is linked to the value of traditional fia coins so it's something like what we see with the ipay currency and morgan and they say that the facebook is considering linking the value of its currency to a basket of different foreign currencies instead of a single dollar said three of those people and facebook could guarantee the value of the currency supporting each currency with a specific number of dollars or euros and other currencies nationals in facebook bank accounts and they also say that the facebook employees have already told the exchanges of crypto currencies that They expect to get a product in the first half of this year and all this in the community there are some people who are already going crazy these days in network and especially talking about which facebook is currently developing another decentralized suite coin but the problem that I see is that facebook has many users the majority of those users have really because bitcoin is superior because the key point here is that when your local currency is not working as well as other in some countries of the world is when people begin to realize why bitcoin is a great thing because it can be a good store of value and because It can be a good means of exchange but in all those countries with strong economies if things work well people do not really understand because they need bitcoin or because bitcoin is so good and because it's the money of the future because as long as your local currency is not devalued too much they just do not care and that is what is happening currently that's why we are not seeing a more accelerated adoption of bitcoin However, something like a facebook currency could change that, not because people feel that it is necessary but simply because they have a great wealth is one of the three largest entities in the world although this news does not is 100% confirmed, you have to prepare yourself because in my opinion it will happen in my opinion according to how it has been working in recent years probably already have at least 500 million or more than a billion dollars that will be allocated or will be invested in this currency so that I would not be surprised to see even if we do not see a bull market yet and prices are still the same I would not be surprised to see that by the end of this year that the facebook currency is not in the top 10 or even 5 major currencies because of the large amount of money that is being pushing the project and also because of this that says this integration here would extend the reach of facebook's digital currency to 2,700 million of people who use one of the three applications every month look I'm going to show here in this article data about whatsapp's reach whatsapp is as it says here in 180 countries in the world with users Actually look at this chart this definitely gives you an idea of the scope and use that a coin implementation of facebook is to say some are many of these people of those users I would really use it even if you do not even know or have heard about bitcoin so with this you can see that facebook can have a big part in this financial game also in this article they mention the currency of iaip and morgan referring to a comparison with what could be the facebook coin but if we compare the facebook currency with the currency of iaip and morgan thinks that jamie morgan does not have an application that everyone is using as facebook so once again these statistics are incredible and they are to take into account that is to say they are a billion of users daily assets that would be put in contact with the crypt currency of facebook which tells me that it will also have a large volume of transactions and I say a billion but 15 billion users in 180 countries as it says here because it is estimated that it is approximately 70 percent daily users assets among these 15 billion users in total but good in addition to this also this article mentions that there are two reasons why the currency of facebook could not succeed first at first place facebook and tried something similar called facebook credits which in 2009 started as a virtual currency that would allow people buy items and games and applications on the platform Facebook and a US dollar was the equivalent of 10 Facebook credits and they were even available in 15 different currencies like the dollar the pound sterling euros and crowns Danish crowns and with that currency facebook eventually wanted to expand the credits to a micropayments system open to any facebook application but in 2012 facebook he announced that he would no longer use his own money system for what was a total failure I do not know exactly why but once again there is the possibility that eventually the currency may fail and the second reason why could fail is also as mentioned here this article is probably courier companies face many of the same obstacles regulatory and technological are still holding a bit with far from the mainstream but aside from this possibility I have started to think that this currency can rise as a serious threat to bitcoin and not because I'm going to solve the problems that are solving bitcoin which is the main reason why we have this over here from 2000 'the coins a day from Today, but I do not think that this is the reason that the problem problems that bitcoin faces because at the end of the day we already know that it will be a strongly centralized currency but it will be a threat due to the fact that it will be exposed to the rapid reach of as we have seen again according to these statistics to 15 billion users of whatsapp among which 70% are active users and that represents about 1000 million daily active people or a total as we see here of 2,700 million people who use one of the three applications of facebook every month this is about an eighth of the world population will eventually get in touch with the facebook currency so if you ask me in my opinion this is the biggest threat for bitcoin that we have seen to this day and does not mean that people will forget bitcoin and that everyone will start to choose and pay with the facebook coin tribute but if it's something to consider now for I'll tell you that on the one hand, as they titled in this poster, network and Facebook is currently developing trànsit with decentralized that maybe they have reason here in this post and this may be another more centralized sitcoms but on the other hand it can be a real threat to bitcoin considering the reach of whatsapp that belongs to facebook and I repeat a billion of active daily users although as they predict here they face the regulatory problems and technological barriers like those of other crypto coins at this time so in conclusion we like it or not it seems that this is going to happen some people may not agree that will be one of the biggest bitcoin threats so far among all these coins that we have but this personal opinion so let me know the yours in the comments section before I finish I remind you that if you are new to this channel please subscribe give to the bell notifications if you liked the video leave it a like thanks visualize and see you in the next video chao
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