Altcoins News

Story: Facebook Entering Cryptocurrency Market with Payment Ambitions Not a Surprise

By Steven Anderson

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This article covers TCAT during its 2018-2020 active period. TCAT is no longer in active circulation on any exchange.

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Ross Sandler, a Barclays analyst, has projected a $3 and $19 billion in additional revenue for Facebook until 2021 if Facebook Coin be put to use.

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The stable coin pegged to fiat will facilitate investors with a lifeline after the high-profile setback faced by the company.

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The projection provided by Barclays about Facebook revenue is done considering the $6 in net income per user from the Google Play Store.

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Facebook has been trying to get into the payment industry nearly a decade ago using "Facebook Credits."  Facebook Credits were then buyable using credit cards.

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โ€œThis negatively impacted the profitability of the business, especially when making high volumes of lower-value transaction.โ€

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Facebook ambition is not likely to be a rumor.  There are TCAT tokens with ambitions to publish Real News.

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Several individual Altcoins are going on a rally in the cryptocurrency trend charts. This is probably due to a return of the interest in investment in the market.

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Nik Patel, best-selling Author of An Altcoin Trader Book tweeted:  โ€œALTBTC prices will experience a bull cycle, whilst BTC remains fairly stable and largely range-bound.

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Patel opines that Bitcoin will achieve some stability, while the rest of the Altcoins might rally.

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He further tweeted: "I think it's important to give context on what you see in alts atm; why itโ€™s happening now; and what to expect.

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