Blockchain Capital, a venture capital firm’s partner Spencer Bogart, is confident that Facebook’s initiative to launch its own stablecock will significantly speed up the massive adoption of cryptocurrencies. He stated this in an interview with Bloomberg .

In particular, he noted that after the launch of cryptocurrency from the world's largest social network, the number of holders of digital assets will increase two to three times.

“It's like using the Internet. People can move away from stereotypes and purchase bitcoins or ETH. A certain percentage of users will do just that and this will serve as an even greater catalyst for the adoption of cryptocurrencies, ”Bogart said.

No less significant, he called the fact that the Facebook initiative could spur institutional investors, who are still eyeing the cryptocurrency market.

Recall that at the end of February it became known that Facebook held talks with several Bitcoin exchanges about listing its own “stable coin”. Later, the journalist The New York Times and author of "Digital gold: an incredible story Bitcoin" Nathaniel Popper said that the company intends to raise about $ 1 billion from venture capitalists for steyblkoina.

Despite the fact that Facebook does not officially speak about the project, the company recently acquired the Libra trademark, and a few days before it became known that the Facebook blockchain initiative was called Project Libra. In addition, the media report that the company plans to launch a full-fledged payment network, and not just a tool for settlements.

According to some reports, Facebook is currently in talks with the Visa and Mastercard payment networks and processing, including First Data, as well as major e-commerce players.

Note yesterday, Facebook also allowed to publish ad blockchain technologies and educational courses on cryptocurrencies without prior approval from the social network.

You can read more about Facebook stable and projects for launching your own coins of other major social networks in the exclusive BlockchainJournal .

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