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Bitcoin, Ethereum and XRP faced with Facebook: Crypto exchanges are reportedly in talks with giants of social media on the Facebook coin list.



Facebook is reportedly in talks with many crypto-currency exchanges to get a new Facebook coin and deliver it directly to consumers, where it will head tops like Bitcoin, Etherum and XRP.

People "informed about the talks" told the New York Times that the talks were coming and Facebook is about to release its new coin in the first half of 2019.

Facebook looks at the value of its coin in a basket of various foreign currencies, not just the dollar. Three people reported this. Facebook can guarantee the value of the coin, supporting each coin with a certain amount of dollars, euros and other national currencies that are in the bank accounts of Facebook.

According to the report, Facebook may be motivated to list its coin. on exchanges to help overcome potential regulatory obstacles.

"Working with cryptic exchanges will accept at least some of the regulatory burden from Facebook, since exchanges will be responsible for conducting coins and checking customers." By placing a coin on the stock exchange, Facebook has refused to control how users spend, trade, or transfer.

"If Facebook has a coin, then it does not fully control, it would be harder for the company to monetize transaction fees and it would be easier for criminals to use the coin for illegal purposes.

Facebook employees told stock exchanges that they were hoping to get the product in the first half

It seems that the coin in Facebook will not be extracted, which is the same approach as JP Morgan takes a new coin.

In addition to trading a coin on Facebook, users on WhatsApp Facebook, which reportedly be able to immediately send a coin to friends and family.

Facebook is now working on major overhaul of messaging protocols designed to integrate Messenger, WhatsApp and Instagram. Once completed, the new Facebook coin could potentially reach 2.7 billion people who use these apps monthly.

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