The social network Facebook will pay a certain percentage to the holders of its Global Coin, which is preparing for an early launch. This assumption was made by a member of the Wyoming blockchain working group, Caitlin Long, Forbes writes.
According to Long, the company will make a profit from a basket of currencies and low-risk securities that will be used to secure cryptocurrency.
“For every $ 10 billion in deposits, Facebook will be able to receive $ 235 million without any risks. When it comes to such amounts, the social network is unlikely to want its name mentioned in discussions about“ corporate dependency ”,” the expert suggested.
A significant role, according to Caitlin Long, will be played on the global market by the Swiss management company of this crypto project. She believes that the unit will take over the function of the central bank – it will determine the share of national currencies in the steylcoin basket in order to set its rate.
Also, Long did not rule out that in the future, the use of Global Coin could make regulators reconsider the criteria for securities.
“If someone wants to recognize Facebook stable as a security, users may need to open brokerage accounts to buy a cup of coffee. The absurdity of the situation may force regulators to reconsider their position, ” she said.
The expert added that, in general, the emergence of a new coin will positively affect Bitcoin, because, unlike him, the Global Coin offer is not limited and opens up prospects for trading in this pair.
Recall that the launch of a cryptocurrency project Facebook can happen already this month. Whitepaper Global Coin is due for release June 18th .
In May, Facebook Inc. acquired the Libra trademark for its crypto project.
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