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Crypto Killer or Bitcoin Savior? Six Predictions on Facebook's Secret Cryptocurrency
Co-founder of the Wyoming Blockchain Coalition, Caitlin Long, a 22-year Wall Street veteran who has been active in Bitcoin since 2012, has made six predictions about Facebook and the impact of its upcoming cryptocurrency: GlobalCoin. The new stablecoin is designed to facilitate global payments and transfers, allowing people to send money across borders, just like email. According to a report by WirtschaftsWoche, Laura McCracken, Facebook’s head of financial services and payment partnerships for Northern Europe, says GlobalCoin will be tied to a basket of fiat currencies, eliminating the volatility of leading ... (full story)