1406, 2019
Facebook’s GlobalCoin is no threat to Bitcoin, but banks should worry
When Facebook finally confirmed that it will launch its own cryptocurrency, it was quickly labeled a potential ‘Bitcoin killer’ in the media. Taking a closer look, however, it is clear that Facebook’s new online payment system is an unlikely threat to the world’s leading decentralized digital currency. It’s a different story for banks, fintech and payment processors, however.
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