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GlobalCoin Among Facebook’s ‘Most Important’ Launches, Squeals Banker

By CCN Markets: Analysts at Royal Bank of Canada (RBC) Capital Markets predict that Facebook’s upcoming cryptocurrency, GlobalCoin, could be the company’s most significant achievement yet. In a message to investors, RBC managing director Mark Mahaney writes: “We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams.” He goes on to say that himself and the rest of the RBC team suspect that Facebook will integrate GlobalCoin into payments, e-commerce, apps, and gaming. With…

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Facebook’s Cryptocurrency Will Pay Interest to Users: Blockchain Regulator

By CCN Markets: Facebook’s GlobalCoin cryptocurrency will likely pay interest to its users. That’s the prediction of Wyoming Blockchain regulator and crypto champion Caitlin Long. The social media company is gearing up to announce its much-hyped cryptocurrency this month, but very little is still known about the project, known internally as Project Libra. On Sunday, Long shared some predictions about how the cryptocurrency might work and how it will impact the crypto industry. “Facebook will pay interest to users of its cryptocurrency, which will eventually lead to populist calls to repeal…

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Facebook’s Aging Users & Broke Teens Will Reject GlobalCoin: Report

By CCN: Excitement for Facebook’s forthcoming cryptocurrency, dubbed GlobalCoin, may have hit its first roadblock in adoption. Poor Demographics for GlobalCoin According to research published on May 28 by cryptocurrency analytics firm Diar, Facebook’s payment-focused coin will fail to gain traction based upon the demographics of the platform’s user base. Despite being one of the largest social media hubs on the web, GlobalCoin adoption will face an uphill battle with Facebook’s aging population. Diar’s research shows that less than half of Facebook’s users are under the age of 35, with…

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