Is Facebook Cryptocurrency A Threat to Bitcoin (BTC)?

in parley-parley •  6 years ago  (edited)


View on Parley


What is Parley?


Parley is a Steem-based Reddit competitor that allows users to submit links and curate news they find around the web in order to promote discussion on the Steem platform. Read more

parley-parley cryptocurrency kryptonia steemit
6 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.05
  • Past Payouts $0.05
  • - Author $0.05
  • - Curators $0.01
8 votes
2
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  6 years ago 

    No, from my understanding Facebook's coin will be a stablecoin.

    It'll be their way of resolving region issues when it comes to people sending money through facebook.

    For instance: I, living in America, cannot send fiat to my brother in Australia because Facebook doesnt have a bank account in australia on which to send him the converted funds.

    It is a horrible road block, and Western union get around this by charging insane fees.

    If I can buy FaceCoin in America with usd and send it to my brother who then sells it for AUD... this roadblock is avoided. He can sell it on a marketplace for fiat and pay an under 1% trade fee.

    Facebook's coin helps facebook, it doesn't hurt or threaten anything really

    Posted using Partiko Android

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  6 years ago 

      Congratulations @platyrhodon! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

      You published a post every day of the week

      Click here to view your Board
      If you no longer want to receive notifications, reply to this comment with the word STOP

      To support your work, I also upvoted your post!

      You can upvote this notification to help all Steem users. Learn how here!

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00