On Twitter this week, the long-time anti-establishment figure, known for his segment on RT, claimed that Facebook’s digital asset, dubbed “Globalcoin” according to some reports, “obviates the need for hundreds of alt-cons including XRP.”
Keiser goes on to state that the altcoin apocalypse is nigh, looking to the fact that Globalcoin will likely decimate any need for any other digital medium of exchange, save for Bitcoin, which also acts as a store of value.
Facebook’s soon-to-launch crypto asset has been called many things: a Bitcoin-killer; regulators’ Trojan horse into the cryptocurrency space; and a ploy to make George Orwell’s “1984” a reality are among what some pundits have deemed the asset. Today, another pseudonym has been attributed to the technology giant’s cryptocurrency, rumored to be a stablecoin meant for the company’s billions of clients. This pseudonym, according to Bitcoin bull Max Keiser, is an XRP-killer.
Although the white paper for Facebook’s project has yet to be released, many speculate that it will act as an easy-to-use stable medium of exchange. It isn’t clear whether or not Globalcoin will be used in a banking setting, just as XRP is trying to, but it likely sure could, especially considering that preliminary reports state that operators of Facebook’s nodes will need to pay $10 million.