Facebook scales back its crypto ambitions once again

Facebook is launching a small pilot of its cryptocurrency wallet named Novi. A limited number of people in the U.S. and Guatemala can sign up to Novi and start using it.

Facebook is a founding member of the Diem Association. Instead of taking advantage of the association’s stablecoin (Diem) on the association’s blockchain (the Diem network), the company is partnering with Paxos and Coinbase to let users send and receive USDP, with Coinbase managing crypto custody. But this is just an intermediate step as Facebook still plans to replace USDP with Diem at some point.

Facebook originally had big plans for its crypto project. The company created a consortium of companies called the Libra Association. Together, they were supposed to launch the Libra cryptocurrency, a brand new currency tied to a basket of fiat currencies and securities. Originally, it wouldn’t be based on a single real-world currency, but on a mix of multiple currencies.

And how does this coincide with the fact that many people don't believe Facebook anymore even as a social media platform? For example, there is an alt-tech platform Utopia p2p which has messenger, email, channels, browser, etc. And in a row with that, they have 2 own cryptocurrencies - CRP and UUSD with their own decentralized exchange. Who will win at the end - big tech with total surveillance or alt-tech with full anonymity and encryption?

 

And have you heard the latest news about Crypton and Utopia USD? They were listed on a new exchange yesterday:
1) https://news.p2pb2b.io/utopia-usd-stablecoin-has-been-listed-on-p2pb2b/
2) https://news.p2pb2b.io/crypton-crp-has-been-listed-on-p2pb2b/
When coins are listed - they're developed soon as more people trust it and use it. Let's wait and see how it will affect them.

 

I've checked their exchange today and what I've seen Crypton gained +50% to its rate in 24 hours after that listing https://crp.is/exchange/crp_usdt And it's not the end, the scale is green and it continues to improve. Is it a new year gift or what?

 

Looks like that I knew that listing can give a positive push to a coin, but I didn't know that so much. As Crypton already reached a dollar value and all that happened in few days. I'm happy that for now I can be sure that I've chosen a right coin as I was starting to worry. It was a long stuck on the lowest level.

 

Everything is Ok . I think that the level of Сrypton will only continue to grow. This is facilitated, for example, by the fact that Utopia p2p sponsored the Blockchain Economy Expo. This is the First Blockchain Exhibition in the "World Expo" history.

The Blockchain Economy Expo will be held as part of the World Expo on November 14-15, 2021 in Dubai Exhibition Centre. The WORLD EXPO is being held for 170 years and for the 1st time, blockchain will be introduced to the world at the same level as countries, international organizations and other traditional businesses.

 

Of course it is!.... Being a sponsor of such an event is very cool.I think that after that the coin will start growing even faster. You do realize that this is a world-class event, right?

 

Thinking everyone should sell bitcoin and buy novi compare with Shiba Inu coin

 

The worst comment that anyone can made is to sell Bitcoin And even sillier is to offer to buy some hype coins. While we're discussing something with a natural growth, you advice people to lose their money. Not very good decision.

 

no, you should sell bitcoin rn cause it gonna pump back I'm sure

 

What do you think are the real reasons for such advice? The desire to do someone a dirty trick or just ignorance?

 

I don't understand the people that spend their time blaming certain coins or projects for their fails as well as giving silly advices. The same can be said about people that don't try the product, and tell everyone it's a scam. I prefer to check everything on my own. And in this case when I even didn't have to invest in it, I got a good income and I'm happy I've chosen it.

 

Sure...You are absolutely right! Such conclusions are short-sighted and more like the opinion of laymen. I also agree that in order to form a correct opinion about something, it is necessary to study this issue in detail.

 

Soon, Crypto will rise.

 

I can't even imagine how can it be done differently, especially in crypto sphere. And I'm intrigued with a new teaser that appeared within the social networks and forums.. Seems that some updates are coming connected to Crypton exchange.. This way of posting pictures without any text is making me crazy

 

Well, developers love all sorts of hoaxes and mysteries.=) I think that in this way they are trying to warm up interest in the project and in upcoming updates.

 

Facebook may not be as well known as other popular social networking websites, such as Yahoo! 360 or MySpace, but it is still popular. That popularity is mostly among high school students and college students, mostly because Facebook focuses on these individuals in particular. With Facebook, you are required to register for a specific network. That network can either include the high school or college which you attended or are currently attending. Once you have joined the website, you should easily be able to make contact with others who are in the same network.

 

In the means of upcoming regulations, the interest to stablecoins and privacy coins only rises. Have you mentioned all the rates canges after different news? If you can convert your coins into a stablecoin and then move it to a privacy coin and withdraw - isn't it nice? And Utopia p2p provides such action in one place. It even has own no KYC decentralized exchange.

 

And there have also been very unexpected changes on this exchange: Crypton Exchange, the decentralized NO KYC crypto exchange, added a new trading pair XMR/USDT on the platform. Monero (XMR) is the first third-party coin that has been listed on the exchange that is backed by the Utopia P2P ecosystem. wow

 

FB (along with Twitter, btw) has taken steps to speed up its ultimate demise in the U.S. market by taking very radical political positions and alienating about half the population, which no longer trusts them and many have even abandoned the platform. This is one reason that they have changed the name of the parent company in a desperate effort to not have their spin-offs tainted by their failing flagship brand. I don't think that it will work and they are ultimately on their way to take their place alongside MySpace and other failed social media platforms. They will have no impact on crypto or anything else new, imo.

 

That's exactly why projects like Utopia p2p appear. It's a better and more encrypted version of social network, but with more functions and with own cryptocurrencies. No one believes Facebook and even most of other messengers. And in Utopia p2p you remain anonymous, no matter what you do.