Do you think facebook coin can overcome bitcoin?

‘Facebook Coin’ Could Generate Billions in Revenue: Barclays Analyst
Facebook’s reported stablecoin project could be a significant moneymaker for the social media giant, according to Barclays analyst Ross Sandler.

In a note to investors first reported by CNBC and later obtained by CoinDesk, Sandler says Facebook’s cryptocurrency efforts could yield anywhere from $3 billion to $19 billion in additional revenue by 2021. To put that estimate in context, the Menlo Park, California, company brought in $40.6 billion in total revenue in 2017, with $39.9 billion from advertising.

However, the analysis hinges on whether “Facebook Coin proves successful in reinvigorating FB’s micro-payment strategy for digital content distribution,” Sandler wrote.

Sandler also sees two primary challenges for Facebook achieving its crypto goals: “demonstrating a value prop for users above what is available today in payments” and overcoming consumers’ “trust issues after 2018’s problems.”

In an apparent bid to account for said trust issues, CEO Mark Zuckerberg issued a lengthy post last week calling for Facebook to become more privacy-oriented in the years ahead. While “cryptocurrency” isn’t mentioned, payments and encryption are frequently invoked

Answer the question at dpoll.xyz.

Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.

Spam is discouraged by the community, and may result in action from the cheetah bot.

More information and tips on sharing content.

If you believe this comment is in error, please contact us in #disputes on Discord

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://thecryptostreet.com/blockchainnewsmagazine/blockchain-technology/facebook-coin-could-generate-billions-in-revenue-barclays-analyst/

Thanks for contributing to the dPoll content.

You have been upvoted from our community curation account (@dpoll.curation) in courtesy of This Guy... @bluerobo.

Come, join our community at dPoll discord server.

^{If you want to support dPoll curation, you can also delegate some steem power. Quick steem connect links to delegate:

50SP | 100SP | 250SP | 500SP}

Voted for

Overcome in which sense? Number of users? Billions of persons are using Facebook. Market cap? Maybe. Privacy? I don't think so.