Speaking Of Crypto

Paul Puey, Co-founder and CEO at Edge, and I sat down for a live podcast at Consensus 2019 in NYC last week and one of the first things we talk about is the Facebook Coin. Today in crypto news we learned the Facebook coin is going to be called GlobalCoin and that this cryptocurrency will be coming out in early 2020. Facebook is so huge, with billions of users, about a third of the population of the entire planet, so what will this mean for crypto? And what will in mean for the value of the Facebook coin, GlobalCoin? Reports have been saying that the GlobalCoin will be a stablecoin and Paul believes that this will have everything to do with its value as a coin. “How valuable can a coin be that's already pegged to something else? So how do you equate the value? Maybe it's the most used stable coin, but if you talk about pure value, well, it can't go up and down in price because it's stable, right? That's the whole point. So, what you then become is you become the most valuable payment network. “It potentially i