John Jacques's Avatar
John Jacques
published in Blogs
Sep 06, 2018
Inside the Ambitions of Facebook's Crypto Team

Inside the Ambitions of Facebook's Crypto Team

When news leaked in May that Facebook was forming a team around blockchain, there was little of substance for the curious to sink their teeth into. It was revealed that David Marcus, the former head of Facebook’s Messenger platform, was stepping down from his board post at Coinbase to lead the team – a natural choice, as former president of PayPal and overseer of Messenger’s chatbot commerce and peer-to-peer payment functions.

There has been minimal additional news – a company spokesperson told TechCrunch that Facebook is “…still in the very early stages [of developing the team] and we are considering a number of different applications for the blockchain. But we don’t have anything else to share at this time.” That has not stopped speculation about what they might work on, however.

Some parties believe that Facebook could introduce its own token and cryptocurrency wallet, which people could use to pay for products linked to through Facebook ads or from partnered businesses. Blockchain makes transaction fees minimal (or even zero), so Facebook could use the increased margin to offer promotions encouraging users to adopt its cryptocurrency. It is uniquely positioned to leverage its relationships – the platform features six million advertisers and 65 million businesses with Facebook pages – and could use its theoretical token to boost sales for customers, who would then be inclined to purchase more ads.

Facebook could also build on its existing system for sending money through Messenger, which currently only supports connected debit cards or PayPal accounts. By offering crypto-based micropayments, the company could increase engagement with the existing 1.3 billion users on Messenger and even expand the offerings to include payments to their favorite content creators. This extension of their new Facebook Stars virtual currency (which allows users to send digital coins in appreciation, which creators can then cash out for one cent each, after Facebook takes an undisclosed cut) could also include a tip system, which would be an effective draw for both users and content creators to their platform.

The company may even be able to ease the convoluted login process for dapps (pronounced dee-apps; short for decentralized apps), which requires long, alphanumeric keys. Facebook has significant experience designing user-friendly platforms – some, like Facebook Connect, use secure, single sign-on systems that allow users to instantly join associated apps without creating or re-inputting information. They also have a strong security record, without the major, hacker-led data breaches that have plagued other tech companies. Combining those traits would lead to a superior user experience, which could further dapp adoption across the board.

Where Facebook goes with their blockchain program is an open question. But with significant resources, some of tech’s brightest talent, and tremendous brand recognition, the tech giant is uniquely positioned to have success with cryptocurrency and blockchain – in whichever capacity they decide to approach it.

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Access Tickeron’s Academy on tickeron.com to learn more about the cryptocurrency and blockchain revolutions, and even how you can use algorithms and AI to invest. Tickeron has created Artificial Intelligence capable of finding trade patterns and generating investment ideas for the cryptocurrency markets. Start a free trial today on tickeron.com.

Related Tickers: META
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.