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RE: Will Facebook’s Coin Trigger Mass Adoption?
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It is a crap shoot.
I don't think its necessary for them but I can understand why they would like it.
One advantage could be that Facebook has the resources to shape or force regulation.
A huge downside is that Facebook might abuse this and stack the deck against other cryptos.
I'm always wondering why Facebook never tried to be inspired by WeChat. That's a crazy app and doesn't need crypto
That means they aren't banking the unbanked, you need an existing bank account in Wechat. I think Facebook's future fees - and forex margins - also matter a lot. We will see the conditions, expenses, administration... And if and how many countries, dictatorships, semi-dictatorships will forbid the use of this coin.