Barclays analyst: Facebook Coin will bring the company billions of dollars

According to the analyst of the British financial conglomerate Barclays Ross Sandler (Ross Sandler), the project Facebook associated with issuing its own cryptocurrency can be an important source of income for the social networking giant.

In a note to investors, CNBC first published, Sandler suggested that the release of the Facebook coin can bring from 20 to 19 billion dollars of additional income in 2021. For comparison, profit of the company amounted to 40.6 billion dollars in 2017, of which 39.9 billion dollars brought advertising.

However, the financial success of the project depends on “whether Facebook Coin for a successful implementation of the strategy of micropayments to support digital content,” says Sandler.

The analyst also sees two main problems of Facebook in the achievement of ambitious crypto-purposes: the need to convince users of the value of the new cryptocurrency and to overcome the distrust of consumers to the stock market after a protracted crisis of 2018.

Obviously trying to overcome the distrust of potential users, CEO of Facebook, mark Zuckerberg last week published a message urging the Facebook community more focused on privacy. Although the word “cryptocurrency” wasn’t mentioned, payments and encryption often pop up in the speech of Zuckerberg.

Sandler noted that much remains uncertain to date in respect of cryptoprocta associated with Facebook. However, the analyst mentioned another project, developed by the Californian start-up The Menlo Park in 2010 Facebook Credits, very reminiscent of modern cryptocurrencies.

“Facebook probably just looking for a tool for processing microtransactions and revitalize the original business model that existed in 2010-2012 in the framework of Facebook Credits, says Sandler. — however, the project may be much bigger, especially considering that the project is headed by David Marcus (former CEO of PayPal)”.

Indeed, Facebook in recent months, actively involves professionals in the field of cryptocurrency. On the website of the recruitment company you can find at least 20 jobs related to blockchain technology.

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The yellow jackets plan to bring down the Euro

“Yellow vests” I call on French people to withdraw their money from banks, in disagreement with the monetary policy of the government, which could lead to the collapse of the European Fiat, according to local media.

In addition to the planned demonstration today in front of the Rothschild Bank in Lyon, activists of the movement “yellow jackets” are called to make a “run on the banks”, that is to massively withdraw deposits from their Bank accounts, which in reality contains, according to various estimates, up to a quarter of the funds of French citizens.

Calls to bring the Euro sound on social networks, including opinion leaders: for example, boxer, Nicole already posted Maxim is dedicated to the promotion video.

With a significant number of members, such action may paralyze the country and even to bring down the Euro, which is celebrated in prominent news publications. Daily Crusader writes:

“It’s possible some exciting news for the Bitcoin and cryptocurrency community, as a dearth of cash could hit the market”

Max Keiser said that “if every citizen of France transferred 20% of their funds from Bank deposits in bitcoins”, it would have collapsed and the French banks and the French government.

The November protests began after the unpopular decision of the French government on raising fuel prices. Many disagree with the policy of the state wore yellow vests and took to the streets. Despite the fact that the President of the macron in December went to economic concessions, the movement only grew, forming one of the largest anti-government movements since 1968.

Yellow vests, some protesters contain the inscription “Buy Bitcoin”. Perhaps thousands of users, and do not understand the intricacies of crypto-currencies, but such labels have undoubtedly raised awareness among ordinary citizens about alternative financial possibilities, and now cryptocurrencies are mentioned more often.

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