Facecoin To Replace U.S. Dollar? Facebook Claims It’s “Helping People”
Facebook’s new stablecoin may allow international employees to send money home, according to Ted Livingston. | Source: Shutterstock
We’re all still thinking like regular crypto heads when it comes to what Facebook’s Mark Zuckerberg has up his sleeve with his stablecoin.
The Zuck’s not thinking about just creating his own crypto. He wants to replace the U.S. dollar according to Ted Livingston, who’s developed the reputation of being ahead of the industry in making predictions. Livingston is the founder and CEO of messaging platform Kik.
Facebook’s moves aren’t steeped in anything nefarious. Instead, they are in line with Facebook’s usual claims – helping the world. This time, the vision is to help people who are working in foreign regions send their earnings to people in their native countries.
In the works is a multi-step plan which could come as soon as this week. Livingston laid out a compelling argument in a Medium post about Facebook’s crypto plans.
Everyone should read this. @ted_livingston has been ahead of many trends in social media and messaging over the last decade.
Bold thoughts here.https://t.co/RCji3mHaOF
— Pomp 🌪 (@APompliano) March 20, 2019
Replacing The U.S. Dollar?
The prediction is gutsy, to say the least. It’s also frightening given the loose relationship Facebook has with being forthcoming about what it’s doing behind the scenes. However, Livingston studied Facebook’s stablecoin efforts and started connecting the dots.
It starts with WeChat. This is a Chinese messaging social media and mobile payment app. Livingston says Facebook’s upcoming stablecoin project is a “WeChat aspirant.”
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