Podcasts Technology HyperChange Facebook Stablecoin Backed By Foreign Currencies!?

Facebook Stablecoin Backed By Foreign Currencies!?

Published: April 11, 2019, 6:45 p.m.

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NY Times reporter Nathaniel Popper reports that Facebook is looking to raise $1B from outside investors for its stablecoin/cryptocurrency. This would make the token appear less centralized, and it will be backed by a basket of foreign currencies. If succesful, a Facebook Stablecoin could be a huge new revenue growth driver & way to increase engagement across the platform. Let me know what you think in the comments!

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LINK - Facebook on HyperCharts: https://www.hypercharts.co/fb

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LINK - Nathaniel Popper Tweetstorm on FB's stablecoin: https://twitter.com/nathanielpopper/status/1115331482384388098

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LINK - Bloomberg, Facebook developing Stablecoin to launch in WhatsApp: https://www.bloomberg.com/news/articles/2018-12-21/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers

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LINK - a16z buys 6% of MKR: https://medium.com/makerdao/a16z-crypto-purchases-6-of-mkr-backing-stablecoin-vanguard-makerdao-ff410a692393

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