Facebook May Face Age Problem With GlobalCoin

According to Diar research, most of the Facebook users are over 35 and cryptocurrency is not very popular among them
29 May 2019   231

Cryptocurrency, beeing developed by the world's largest social network Facebook, may be faced with a shortage of investors, as the audience of the platform is becoming increasingly age. This assumption was made by researchers of Diar.

As noted in the report, more than half of Facebook users are over 35 years old, who are often not as knowledgeable about cryptocurrencies and their capabilities as the younger generation.

In addition, to launch own Facebook coin, they’ll probably be looking to countries with underdeveloped financial infrastructure, similar to how the company did it earlier in India with WhatsApp Pay.

With only 10% of Facebook’s user base in the US, the most likely scenario would be to address as many fiat currencies as possible.

Diar Research

According to media reports, Facebook intends to launch the GlobalCoin in the first quarter of 2020.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.