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A comment on Facebook is reportedly planning its own stablecoin. Parent comment

Re:Facebook is reportedly planning its own stablecoin by dsr_ on Friday December 21, 2018 @03:40PM (#18736432)
Wondering why a centralized authority for a stablecoin needs to use a blockchain at all.

This is classic company scrip / money transfer business: keep a ledger of transactions, publish your fees, register as an EFT company, follow the regulations.

Facebucks.

[ Parent | on HN ]
Re:Facebook is reportedly planning its own stablecoin by gwbas1c on Friday December 21, 2018 @04:04PM (#18736639)
Perhaps because the plan is that, once the cryptocurrency is actually used for cash with a stable value, they won't prop it up?

That's basically what happened when the USD was no longer backed by gold.

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