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Top 7 Reasons why Facebook’s GlobalCoin Could Fail

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There is a growing focus on Facebook’s recent digital currency announcement. Known as GlobalCoin, many people expect this venture to disrupt the appeal of cryptocurrencies such as Bitcoin. As is always the case, there are still a lot of unknown factors which need to be addressed. Some interesting aspects of Facebook’s currency are known already, but it is always important to keep one’s expectations in check.

GlobalCoin isn’t a Cryptocurrency

Rest assured there will be many people who draw parallels between GlobalCoin and Bitcoin. While that is only to be expected, it is rather apparent Facebook’s venture cannot be ...

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