I don’t think this will be particularly successful. We already have a variety of ways to send money. Yes Facebook is big, but so is, say, Apple and it’s Apple P

I don’t think this will be particularly successful. We already have a variety of ways to send money. Yes Facebook is big, but so is, say, Apple and it’s Apple Pay functionality. I don’t know what use case this solves that isn’t fairly competitive already although it will probably have a bitcoin style valuation bubble. It’s also sort of capped in its utility. If it overshadows national government currencies... the governments will be incentivized to block it. That was true of Bitcoin but it’s doubly true of Facebook. And Facebook has to abide by laws so it can’t just quietly work regardless of regulations like other crypto. And what can I buy with this? If I need to convert to dollars, is an easy facecoin swap plus a facecoin to dollars swap really be more convenient? Edit: on Apple Pay, I’m pretty sure you can send cash. But I don’t know, because I haven’t ever had the need to do this... which is I suppose my point.