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?
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interesting read, hopefully if they do launch their own coin they just outsource their own block chain and use cardano
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Bring on the shit coins!!
When they fail everyone will come running to Cardano.
SWEEEEEEEEEEEEEEEEEEEEET!!!
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.
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