What can Facebook and Telegram where the failed Bitcoin?

Despite the collapse of the prices of cryptocurrencies, a number of large technology companies are working on their own digital tokens that can be used in messengers. Some of the largest companies with the messengers hope to succeed where failed CryptoStream. Anything is possible, given the advantage of hundreds of millions active users. Company type Facebook, Telegram and Signal planning during the next year to launch a cryptocurrency that allows users to send money to any country like Venmo or PayPal. Only the payment functionality will be built into the messenger.

The most anticipated, but a top secret project developing Facebook. The company is working on a coin that users of WhatsApp messenger can instantly send to friends and relatives. Work on the project Facebook gone far enough because sotssetevyh giant already at the stage of negotiations with cryptobinary about selling Coin Facebook users.

The digital coin is also working Telegram, the number of users which is estimated at 300 million. Own coins and develops a Signal service encrypted messages, which are popular among it people and supporters of privacy.

Audience messengers far superior to the current audience of cryptocurrency. Facebook and Telegram can create cryptococal that will instantly be available to hundreds of millions of users. All of these new projects came after the market proved popular with consumers. Service Venmo has become popular in the US, allowing you to send payments from your mobile phone. But in China, many consumers use the payment system right inside of the popular messaging WeChat. Co-founder of the company cryptobinary Primitive Ventures Eric Melzer said.

This is the most exciting what is happening with cryptocurrencies. Each project in this battle has its own advantages, so the failure is impossible.

None of the companies did not disclose the details of their cryptocurrency projects. Apparently, the most elaborate coins that can exist in a decentralized computer network, in varying degrees, regardless of the company-founder.

Like Bitcoin, the new cryptocurrency will make it easier for international remittances, especially in developing countries, where ordinary people find it difficult to open a Bank account and make purchases online. In current projects not using energy-intensive mining process, which relies on Bitcoin. However, the developers of instant messengers can meet the same regulatory and technological obstacles that prevented reaching the masses BTC. The absence of a Central authority to control the cryptocurrency, be it the government or the Bank, made them comfortable for criminals and fraudsters, and the architecture of the networks has complicated the processing of a large number of transactions. According to the head of the firm cryptoanalytical Quantstamp Richard MA, “they will all meet the same technological constraints”.

Source: Coinivore

Companies invest in their projects a lot of resources, despite the fact that the price of the cryptocurrency over the last year has fallen by 80 percent or more. Only on the project Facebook is working more than 50 engineers. A project Facebook under the leadership of former President of PayPal David Marcus was launched last year after Telegram to the ICO gathered $ 1.7 billion. The development of Facebook is surrounded by secrecy: the team works in the office with access via a special card, and getting there can be only selected.

Facebook is considering several ways to use the blockchain instead of relying on a Central player, like PayPal or Visa. Judging by available information of Bloomberg, the native cryptocurrency Facebook will be presented in the format stablein, backed by at least 3 major Fiat currencies.

Stablon will not attract speculators, but consumers will be able to keep it and pay, without worrying about growth or fall in the value of the coin. A number of other companies recently introduced the so-called stabilini tied to the value of the dollar. For example, JPMorgan has launched the JPM Coin cryptocurrency designed for the acceleration of payments within the company.

Now Facebook is upgrading the messaging infrastructure and tries to combine the three service Messenger, WhatsApp and Instagram – in one of the payment network. Such integration may take years, but it will increase the audience of Facebook Coin to 2.7 billion people every month using one of the three applications.

Before Facebook there’s a great question about the extent to which the company will control the digital coin. If Facebook will be responsible for confirming each transaction, and tracking each user, it is not clear why we need the blockchain instead of the traditional centralized system like PayPal.

Cooperation with cryptomerias at least partially relieve Facebook from regulatory burden, as for the storage of digital coins and checking customers will be responsible of the exchange. But if Facebook will not fully control a coin, then the company will be difficult to earn a Commission, and the criminals will be easier to use a coin for illegal purposes.

Employees of Facebook informed the exchanges that they hope to release the product in the first half of the year.

And how are the others?

Source: Shutterstock / Mike Trukhachev

Coins of other companies – owners of messengers, are likely to more resemble a traditional cryptocurrency with staggering cost and a decentralized structure that will give users more control.

The Telegram company long known for his disregard for the governments. Not so long ago the company sent its investors a letter stating about the readiness of key network components for digital token Gram 90 percent. Representatives of the company believe that a particular version of the system will be launched in the coming months.

Focused on app privacy for messaging Signal, which is its Foundation, a project Mobilecoin. Last year it grossed 30 million and are now trying to collect as much again.

Although the founder of the Signal moxie Marlinspike acts as a consultant on the project, the project itself is developed regardless of the Signal. He is a favorite of many of the old supporters of privacy that give cryptocurrency. However Mobilecoin along with others developed the project will have to solve the problems that prevent many crypto-currencies to meet the expectations. According to Richard MA of Quantstamp, they have yet to prove their effectiveness. More data look at cryptodata.

Subscribe to our channel in the Telegram. Here soon!

0 Comments on “What can Facebook and Telegram where the failed Bitcoin?”

  1. Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the capital of Israel Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible

    Jewish Rabbis have publicly announced that their Messiah will be revealed in the coming years who will be a leader and spiritual guide to all nations, gathering all religions under the worship of one God

    Biblical prophecy tells us that this Jewish Messiah who will take the stage will be the antichrist “who opposes and exalts himself above all that is called God or that is worshiped, so that he sits as God in the temple of God, showing himself that he is God” (2 Thessalonians 2:4) For a time he will bring about a false peace, but “Therefore when you see the ‘abomination of desolation,’ spoken of by Daniel the prophet, standing in the holy place (Matthew 24:15) then there will be great tribulation, such as has not been since the beginning of the world until this time, no, nor ever shall be” (Matthew 24:21)

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them This chip matches perfectly with the Mark of the Beast in the Bible, more specifically in Revelation 13:16-18:

    “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name

    Here is wisdom Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666 ”

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency This Mark couldn’t be spiritual because the word references two different physical locations If it was spiritual it would just say in the forehead RFID microchip implant technology will be the future of a one world cashless society containing digital currency It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it Revelation 13:11-18 tells us that a false prophet will arise on the world scene doing miracles before men, deceiving them to receive this Mark Do not be deceived! We must grow strong in Jesus AT ALL COSTS, DO NOT TAKE IT!

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11)

    People have been saying the end is coming for many years, but we needed two key things One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast

    Visit WWW BIBLEFREEDOM COM to see proof for these things and why the Bible truly is the word of God!

    If you haven’t already, it is time to seek God with all your heart Jesus loves you more than you could imagine He wants to have a relationship with you and redeem you from your sins Turn to Him and repent while there is still hope! This is forever God bless!


    We all know God exists Why? Because without Him, we couldn’t prove anything at all Do we live our lives as if we cannot know anything? No So why is God necessary? In order to know anything for certain, you would have to know everything, or have revelation from somebody who does Who is capable of knowing everything? God So to know anything, you would have to be God, or know God

    A worldview without God cannot account for the uniformity and intelligibility of nature And why is it that we can even reason that God is the best explanation for this if there is no God? We are given reason to know or reject God, but never to know that He does not exist

    It has been calculated by Roger Penrose that the odds of the initial conditions for the big bang to produce the universe that we see to be a number so big, that we could put a zero on every particle in the universe, and even that would not be enough to use every zero What are the odds that God created the universe? Odds are no such thing Who of you would gamble your life on one coin flip?

    Is there evidence that the Bible is the truth? Yes Did you know that the creation accounts listed in the book of Genesis are not only all correct, but are also in the correct chronological order? That the Bible doesn’t say the Earth was formed in six 24-hour days but rather six long but finite periods of time? That the Bible makes 10 times more creation claims than all major “holy” books combined with no contradictions, while these other books have errors in them? The Bible stood alone by concurring with the big bang saying, “In the beginning God created the heaven and the earth” (Genesis 1:1); and says our universe is expanding, thousands of years before scientists discovered these things Watch a potential life-changing video on the website listed below with Astronomer(PhD) Hugh Ross explaining all these facts based on published scientific data He has authored many books, backed even by atheist scientists

    Jesus came to pay a debt that we could not; to be our legal justifier to reconcile us back to a Holy God; only if we are willing to receive Him: “For the wages of sin is death ” (Romans 6:23)

    God so loved the world that He gave us His only begotten son, so that whoever believes in Him, through faith, shall not perish, but have everlasting life Jesus says if we wish to enter into life to keep the commands! The two greatest commands are to love God with all your heart, soul, strength, and mind; and your neighbor as yourself All the law hang on these commands We must be born of and lead by the Holy Spirit, to be called children of God, to inherit the kingdom If we are willing to humble ourselves in prayer to Jesus, to confess and forsake our sins, He is willing to give the Holy Spirit to those who keep asking of Him; giving us a new heart, leading us into all truth!

    Jesus came to free us from the bondage of sin The everlasting fire was prepared for the devil and his angels due to disobedience to God’s law If we do the same, what makes us any different than the devil? Jesus says unless we repent, we shall perish For sin is the transgression of the law We must walk in the Spirit so we may not fulfill the lusts of the flesh, being hatred, fornication, drunkenness and the like Whoever practices such things will not inherit the kingdom (Galatians 5:16-26) If we sin, we may come before Jesus to ask for forgiveness (1 John 2:1-2) Evil thoughts are not sins, but rather temptations It is not until these thoughts conceive and give birth by our own desires that they become sin (James 1:12-15) When we sin, we become in the likeness of the devil’s image, for he who sins is of the devil (1 John 3:8); but if we obey Jesus, in the image of God For without holiness, we shall not see the Lord (Hebrews 12:14)

    The oldest religion in the world is holiness through faith (James 1:27) What religion did Adam and Eve follow before the fall? Jesus, Who became the last Adam, what religion does He follow? Is He not holy? He never told us to follow the rituals and traditions of man but to take up our cross and follow Him (Luke 9:23) There are many false doctrines being taught leading people astray This is why we need the Holy Spirit for discernment Unlike religion, holiness cannot be created It is given to us from above by the baptism of the Spirit Jesus is more than a religion; He is about having a personal relationship with the Father Start by reading the Gospel of Matthew, to hear the words of God, to know His character and commandments Follow and obey Jesus, for He is the way, the truth, and the life!

Leave a Reply

Your email address will not be published. Required fields are marked *