GlobalCoin Crypto Among Facebook’s ‘Most Important’ Launches, Squeals Banker

Analysts at Royal Bank of Canada (RBC) Capital Markets predict that Facebook’s upcoming cryptocurrency, GlobalCoin, could be the company’s most significant achievement yet.

In a message to investors, RBC managing director Mark Mahaney writes:

“We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams.”

He goes on to say that himself and the rest of the RBC team suspect that Facebook will integrate GlobalCoin into payments, e-commerce, apps, and gaming. With the GlobalCoin launch around the corner, RBC is placing a $250 price tag on Facebook’s stock.

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#Facebook #Cryptocurrencies

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