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Novogratz: Facebook integrated into Cripp, Bitcoin will not suffer from "Globalcoin"



Finally, some of the world's largest companies are engaged in cryptographic and related technologies. In recent weeks, news has emerged that some of the world's largest institutions at TD Ameritrade and Fidelity continue to expand into Bitcoin.

It is also important that giants from the technological world continue to focus on the crypto-space. While Microsoft, IBM, Samsung and Google have made good progress with their blockchain products, Facebook can make the biggest noise even with its own digital asset.

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Finally, it looks like the details of Facebook's crypto-tape are getting smooth. For those who missed the note, the social media busy has long been saying that it has been developing a block product behind closed doors. It was only recently revealed that the product in question was crypto-lit. And only in the last few weeks the details of the project were mostly ironed.

As reported by NewsBTC on Friday, Facebook's crypto will be called "Globalcoin," and its release will be completed by a subsidiary called "Libra," based in historically clean Switzerland. Although the product was first introduced in India, new reports indicate that the coin will be available through Whatsapp, which sports two billion active users, and will be a payment mechanism and a means of sharing the social media ecosystem.

In order to embrace ideas and development, it is even reported that Mark Zuckerberg is empowered to sit with the twins Gemini, his Harvard rivals and other Facebook co-founders to talk to the Cripp. although the Libra / Globalcoin launch is expected to take place in the first quarter of the year, there is an increasing amount of buzz about what Facebook can do with this development.

Speaking to CNBC "Squawk Box," Mike Novogratz of Galaxy Digital emphasized the importance of Facebook's tremendous step in this space. The former Wall Street hotspot, now known crypto-flood investor, said "Facebook is extremely important to the ecosystem," adding that this silent approval of the technology behind Bitcoin sounds. He even states that, contrary to common belief, Globalcoin will add value to the non-centralized crypto-clay ecosystem rather than subtract. cryptocurrency "Bitcoin will not be a payment currency." Bitcoin will be preserved just like gold. pic.twitter.com/NzyPeLxI3T

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1; Squawk Box (@SquawkCNBC) May 24, 2019

The most important crypto firm?

Novogratz is not the first to begin this thought process. In a newsletter published last year, Anthony Pampiano, a member of the Facebook growth team, who became an encrypted capitalist and a battler evangelist, also emphasized the importance of Facebook in a block.

Pomp, who has gone to the end of the Earth to praise the crypto-valleys and the value they put, claims that consumers "should never underestimate Mark" Zook "Zuckerberg. He argues that Facebook's decisions, regardless of their form, are about "building a globally dominant product that changes the way billions of people live their lives."

If the technology company can successfully build the product and they will be able to switch from a social network to one of the world's largest financial services companies. This move would allow them to take a small percentage of each transaction and reduce reliance on the ad-based model.

This is powerful, especially considering how much influence Facebook already has. As commentators like Arip Paul from Bloktauker Capital, the crypto-enabled character supported by Facebook can open the battlefield door to millions of users around the world, even if the two ecosystems do not have many overlaps.

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Pampiano just says that because of this, Facebook is probably the most important company for the crypto-gravity ecosystem right now, despite what many think of institutions and

While many are confident that the launch of Globalcoin will only validate Bitcoin and his family by giving Joes and Jills the skills and heart to dig into the cryptoLight, some are skeptical to Facebook's supported asset

Frank Chaparo from Block reminds his followers that Zuckerberg did not pay much attention to the privacy of their users, even when Facebook is a new company. Others reiterated this feeling, noting that the product would not only be centralized and would be prone to censorship, government oversight, among other concerns not related to Bitcoin.

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