Facebook digital currency can generate billions of dollars!

Facebook digital currency can generate billions of dollars!
Abstract

According to Ross Sandler, Barclays analyst, a stable digital exchange project, Facebook can make money for this massive social media giant.

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According to Ross Sandler, Barclays analyst, a stable digital exchange project, Facebook can make money for this massive social media giant.

Sandler said in a memo to investors, first published at CNBC and then at Coindesk, that Facebook's digital digital activities and efforts could lead to $ 3 billion to $ 19 billion by 2021.

To illustrate this estimate, in the city of Menlo Park, California in 2017, the company's total revenue was $ 40.6 billion, of which $ 39.9 billion came from advertising.

Sandler acknowledged in this note:

However, this analysis depends on whether Facebook Kevin succeeds in upgrading and refining the micro-platform FB payment to distribute digital content.

Sandler sees two major challenges facing Facebook to achieve its digital currency goals. "Providing a valuable asset to users, better than what is available today in payments," and overcoming "consumer and customer confidence issues after the problems that arose in 2018."

Facebook CEO Zuckerberg issued a long postponement last week in an apparent statement on trust issues, asking that Facebook should consider privacy for years to come.



Unlike the terms of payment and cryptography used several times, this post did not mention the word "digital currency".

Facing the Past
Sandler noted that there were many ambiguous points in relation to the digital exchange project of Facebook. However, there is a history of virtual money in this social media: Facebook Credit.

Sandler wrote in this article:

Facebook Kevin may consider processing micro-transactions and reinvigorating the core business model, which was launched in 2010 to 2012 under the name of Kredit's Facebook project.

However, the scope and breadth of the project, given the presence of former CEO Peyal, David Marcus, can be much larger as the leader of the project.

Facebook has been in the turmoil of recruiting digital currency workers in recent months; a wave of recruitment and at least a takeover of a startup.

Due to the breadth and breadth of the employment plan, Facebook's business website has included 20 job opportunities associated with Blockchain technology.


Source: coindesk

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