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Facebook's Global Coin In Trouble Before It's Release

Ramsey Baker

Summary: Facebook's GlobalCoin was originally said to be a bitcoin killer, but the reality appears to be much bleaker for Facebook's new currency according to CCN.com. Facebook boasts 2.2 Billions users, but of those users 55% are over 35 years old. The baby boomer generation is notoriously resistant to cryptocurrency and are unlikely to learn about ...

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Facebook's GlobalCoin was originally said to be a bitcoin killer, but the reality appears to be much bleaker for Facebook's new currency according to CCN.com. Facebook boasts 2.2 Billions users, but of those users 55% are over 35 years old. The baby boomer generation is notoriously resistant to cryptocurrency and are unlikely to learn about cryptocurrency. Facebook is starting to trend towards more lower-income families, which is worrying for GlobalCoin.

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