Zil Bareisis | Source | Senior Analyst at Celent
Zil Bareisis
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The idea of stablecoins is an interesting one, getting the benefits of the cryptocurrencies without the downsides of price volatility. The question is whether any of the existing contenders will rise to the top, and which model is more likely to succeed. Is it a 'private' stablecoin such as Facebook, or a more 'open loop' model such as the CENTRE Consortium.
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5 reasons to worry about Facebook’s cryptocoin
Facebook’s pursuit of a crypto-based payment system would seem to be filled with potholes and red flags. The social network’s stealth project isn’t much of a secret, and another Facebook virtual currency has already failed years earlier. But Facebook also has a lot in its corner — enough to threaten the e-commerce and payment processing establishment, should its crypto project take off.
Article
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Celent
Senior Analyst
started Apr 2010