One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. Facebook’s reported stablecoin project could be a significant moneymaker for the social media giant.
Mizuho’s J-Coin will be a normal digital token, not based on the blockchain technology. The J-Coin is an attempt by Mizuho to push electronic payments in the country.
Mark Zuckerberg is interested in putting the Facebook login on the blockchain technology which can be used to enable users to control their data and attract software developers who don’t want to rely on corporations that can cut off users’ access.
The social media giant hired employees from Chainspace but declined to comment on specific hires, stating that the company isn’t acquiring any of Chainspace’s technology though.
Mark Zuckerberg puts a new challenge for himself in 2018 to fix Facebook’s major issues and hints at studying decentralized blockchain technology.