According to Ross Sandler, an analyst at Barclays, “Facebook Coin” could yield anywhere from $3 billion to $19 billion in additional revenue by 2021. Facebook Coin also notes that Facebook Credits” serves as a precedent for virtual currency on the social media site. As per Barclays analyst Ross Sandler, Facebook’s stable coin project could yield anywhere from $3 billion to $19 billion in additional revenue by 2021. According to Sandler, “Facebook Coin proves successful in reinvigorating FB’s micro-payment strategy for digital content distribution.” Sandler also notes that “Facebook Credits” serves as a precedent for virtual currency on the social media site: “Facebook coin may simply be [looking]to process micro-transactions and re-invigorate the original business model that was in place in 2010-2012 under Facebook Credits. However, the scope of the project could be much larger, especially considering David Marcus (former CEO of PayPal) is heading up the project.” Sandler also notes how the first version of Facebook Coin may look like: “Based on our checks, the first version of Facebook Coin may be a single purpose coin for micro-payments and domestic p2p money transfer (in-country), very similar to the original credits from 2010 and Venmo today.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin, Ethereum, Ripple, Litecoin overview: bulls and bears continue their seesaw battle FX Street 4 years According to Ross Sandler, an analyst at Barclays, "Facebook Coin" could yield anywhere from $3 billion to $19 billion in additional revenue by 2021. Facebook Coin also notes that Facebook Credits" serves as a precedent for virtual currency on the social media site. As per Barclays analyst Ross Sandler, Facebook's stable coin project could yield anywhere from $3 billion to $19 billion in additional revenue by 2021. According to Sandler, "Facebook Coin proves successful in reinvigorating FB's micro-payment strategy for digital content distribution." Sandler also notes that "Facebook Credits" serves as a precedent for virtual currency on the social media… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
