Facebook bets big on crypto

Facebook Coin & Bank for the masses on the way. Decentralized Identity for Cardano is critical, anyone knows the future solution for that? Any research streams in this direction?

1 Like

interesting read, hopefully if they do launch their own coin they just outsource their own block chain and use cardano

1 Like

Bring on the shit coins!!

When they fail everyone will come running to Cardano.


Okay, I read the article. So it looks like FB is going to launch a stable coin backed by money in FB’s bank accounts in multiple currencies.

It’s not a blockchain platform. Sounds like they are going after low hanging fruit - remittance.

All coins backed by someone’s bank account have huge counter party risk.

I was thinking the same. Let stable Facebook coin be run on top of Cardano. It’s a win - win situation.

This will be garden technology.