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