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Facebook’s GlobalCoin May Be A ‘Historic Initiative,’ Say RBC Analysts

Facebook’s “crypto opportunity” comes with high expectations.

“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,” RBC Capital Markets’ Mark Mahaney and Zachary Schwartzman said in a note on Thursday.

The two experts expect the currency to be used for payments, commerce, applications and gaming — across Facebook’s ecosystem that includes image-based social media platform Instagram and encrypted messaging service WhatsApp.

Mahaney and Schwartzman also repeated previously reported expectations that Facebook will release their currency’s white paper on June 18, following in Satoshi’s footsteps to explain the fundamental protocols that will underpin Libra, the…

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Blockchain Company Dispatch Labs “On Life Support” After Burning Almost $13M

Facebook signs partners for cryptocurrency network and it still sounds terrible