on the crypto
Facebook, the cryptocurrency could push 19 billion revenue up. New positive predictions for Zuckerberg's stable coin.
According to a client note issued by Barclay's analyst Ross Sandler, the launch of its own cryptocurrency by Facebook could bring the company of Mark Zuckerberg up to 19 billions of additional revenue for the company. The social networks he would have developed his own stable coin and, even if the precise details of the project remain limited for the time being, the curiosity and interest of the community are really high.
Facebook Coin
Sandler estimates that the launch of "Facebook Coin"Could add up to 19 billion dollars of revenue within the 2021 and"change the history of actions Facecbook".
In the note issued yesterday, Sandler provided both a higher and lower estimate of the opportunity offered by the launch of the new digital currency, discovering that even in the worst case scenario, the arrival of the digital currency will bring at least "a few billion dollars" of new revenue.
New York Times
Sources reported by the New York Times claim that the social network plans to make its stable coin initially available through its instant messaging application, WhatsApp. However, Facebook itself still has to detail the project and, therefore, there is nothing certain.
Sandler also believes that the launch of a digital currency will give the company tremendous growth opportunities. The scandal Cambridge Analytica last year he had a negative impact on the price of Facebook shares, but now such an additional flow of alternative revenue provided by the payment offerings may constitute a pleasant evolutionary step.
More premium content on the site
The analyst then went on to observe that the inclusion of a native payment method would allow the appearance of more premium content on the site. He then speculated on the nature of any digital currency, also drawing attention to the social network's previous efforts to launch a digital currency.
In the 2010, the company issued its first attempt at an electronic cash form - Facebook's claims, but the profitability of this questionable scheme was dubious, so much so that the project was eventually shelved.
Sandler notes that Facebook's current e-payment ecosystem effort is much more impressive than the previous one. However, there are plenty of challenges for the social network ...
