Global Coin [GLC]
Dear friends If you are not aware of Global coin then I am going to give you a brief introduction. Global coin or GLC is a crypto coin launched by Facebook(the largest social media company).
Upcoming next year in 2020 Global coin will come in the open market. This coin will be a stable coin and it is assuming that Global coin will ruin everything in the existing crypto market.
Major Steps Taken By Facebook Company Before Global Coin
- Facebook is a social media company which allows users to share images, text, video, Live streaming, etc.
- People can make groups, pages, RSS feed, News pages on the Facebook social media website.
- Similar to Google people can monetize their website and videos with Facebook Ads.
- Now Facebook is introducing its Global Coin to the whole world.
- Soon facebook is going to adopt blockchain technology and people can send and receive crypto coins similar to image and text sharing.
How Global Coin Will be Regulated in the Market?
On the basis of information received till date, we can say that Facebook cryptocurrency Global Coin GLC will be regulated in some limited countries.
Where crypto is regulated fewer efforts have to be faced but in non regulated countries like India, China we have to wait a little more.
Similar to WhatsApp messaging and other social messaging Global coin can be transferred. It will as easy as image sharing.
Anyone can send and receive Global coin with WhatsApp and Facebook messengers.
Countries Opposing Global Coin
Global Coin is Stable Coin, all the things here will be under Facebook’s watch. There will also be KYC verification, along with some other parameters, which will also be kept in mind, which prove to be global as a central currency for them.
The United States and Venezuela have some different rules and regulations regarding the cryptocurrency.
Due to these rules, the One Coin Cryptocurrency in the United States has not yet received a green signal.
The United States has some of its parameters that we are giving below to help you understand a great deal.
Cryptocurrency is Permission Less
Cryptocurrency is a system where you do not need a permit to send the payment. You can send as much as you want and pay as much as you want.
Here, you do not need to verify with a third party. But on Facebook, you can not send payment in this manner. You will have to verify this transaction from Facebook.
Global Coin Is Trustworthy
Generally, it has been seen that due to price fluctuation in cryptocurrency, people do not have transactions in cryptocurrency.
But in the case of the global, it will not be so. But you can consider the price of Global Coin as stable as Euro and dollar.
Global Coin is Centralized
Facebook cryptocurrency Global coin is a centralized cryptocurrency. Here each and every blockchain node can be monitor.
You are not allowed for public mining, gaming, transaction validation. Here with Global coin, no hash power is required to secure the system.
This Operation is 100% under Facebook control. And everything is being maintained by FB.
Facebook cryptocurrency Global Coin [GLC] Centralized platform or Crypto market destroyer. Facebook cryptocurrency or Global Coin GLC will destroy the existing cryptocurrency market.
Facebook Cryptocurrency Attracting Big Names For Being Partner With Global Coin GLC
According to a news report in The Wall General Street, Facebook Cryptocurrency Global Coin [GLC] is providing partnerships to large companies from around the world.
The Facebook Crypto Project has made itself so effective that this big name itself wants to partner with Facebook.
Facebook Crypto Project Partner Companies
- Visa Inc.,
- Mastercard Inc.,
- PayPal Holdings Inc., and
- Uber Technologies Inc.,
Large payment processing companies like Visa, Paypal and MasterCard are participating in the Global Coin Project together with Facebook.
This also increases our trust and can be trusted by blinding the company’s reliability. Because all the names that have been added to Facebook in their partnership list are the best payment processing companies of all time.
Benefits Of Global Coin Project
- This increases the reliability of the company and we become comfortable with security.
- Due to being a centralized currency, there is no problem with reliability and security here.
- ICO is going to pay a lot of benefits, so more and more people will invest in it.
- The way you send messages to Facebook, you can send payments to your friends as well.
Global Coin GLC White Paper And Launch Date
Facebook Cryptocurrency White Paper
Facebook cryptocurrency is going to launch its white paper in the market very soon. According to a public publication in the TechCrunch, on June 18, 2019, Global Coin White Paper will be in the Market.
After coming to the White Paper Market, we can study all its details in detail.
Global Coin Launch Date
The launching date of GLC Cone has not yet been officially confirmed. It is believed that GLC may be launched in any month of 2020.
But I believe people will get at least 10 times the advantage of investing in this ICO.
The company has to put full emphasis on eliminating its risk in any of the advertising markets. Facebook too is working very hard for it.
As we all know, in the year 2018, Facebook hired some blockchain engineers. And since then Facebook will launch crypto currency in the coming time, such news spread to the market.
But now in Facebook, it has been confirmed from the office that they will soon be launching in the Coin Market.
In this situation, eliminating the computation of the market is a big challenge in itself. But the way Facebook has included large pay processing companies in their projects.
It seems that Facebook has succeeded somewhere in its objective. This big decision from Facebook is going to cause big losses to Bitcoin.
If this coin fails then the bitcoin will be destroyed. This is an expert, and this news is being printed every day in a crypto news website.
Facebook 3 Weeks Challenge To Bitcoin
As per the news published in a very popular website market watch, Facebook has given 3 weeks challenge to Bitcoin. Facebook says it will increase its trading volumes more than the bitcoin within 3 weeks.
And if this happened then what would be the condition of bitcoin, can you understand it yourself? Well, according to my knowledge, if this is possible then the Bitcoin holder will be completely destroyed.
And the History of the Cryptokransky Market of 2017 will double again when the rate of bitcoin was equal to the rate of the soil.
But even then here we can not say anything with the claim because it is a very fluctuating market. Bitcoin may also be preparing a backup plan for itself so that the coming crisis can be reduced.
So far in the world, the cryptocurrency is near the borderline bitcoin and it is not so easy to give up. Bitcoin has the world’s top quality developers who are looking forward to improving this platform overnight.
So far, it did not allow any company to be so much capable that it could kill Bitcoin. Regardless of what it needs to do, it puts itself at its peak.
But now it is to see if the Facebook cryptocurrency will be lost in the same way or it will wither in the entire market.
Regardless of the consequences, it will be very exciting to see this war and it will be a great example in the history of the world.