Wouldn’t it be great, if the largest internet presence in the world that connects billions more than any of its competitors decided to join the crypto space? We’ll come back to this at the end.
The rumour mill is once again picking up steam around Coinbase. The last good rumour was the BS* about XRP being added to Coinbase (we said this wouldn’t happen, not for a while at least, here), which came at the same time as the 2017 end of year bull run that saw ATH for the vast majority of coins, but this time, is the rumour different?
With Facebook just yesterday announcing the reversal of the removal of crypto ads from Facebook that came in to effect earlier in the year, could this be what’s escalating the rumours?
Let’s face it, the ad revenue model will at some point die off, thus, Facebook continued progress in diversification is incredibly important, so why not join in on the biggest revolution since Facebook? No, it’s bigger than that – crypto is truely a revolutionary advancement in tech (a lot of which will not be consumer facing), that will see improvements to every day life – just like how the internet did for us when popularity for the masses started to take off in the 90’s, thanks to AOL, et al.
It would also be the first large tech incumbent to try and ‘own’ the crypto space. Sure, Microsoft and IBM are faffing about, around the edges, but are they truly putting (wo)man power behind their efforts? Either way, IF Facebook are about to join this game, we believe this will be a boost for the industry in speeding up tech adoption and even more consumer facing.
So, as we started the article, wouldn’t it be great? Yes. How do we see it being use, knowing that Facebook connect more of the world than anyone else? Move over Moneygram, Transferwise and Western Union (WHOOOOOOOO????), we strongly believe that Facebook are joining the game to be the one-stop place for people to transfer money – cross border, for less. Let’s face it – they could absolutely KILL the cross border transfers market IF this is what they ended up doing.
Exciting times ahead!