‪a few thoughts on FB’s cryptocurrency-based payment system. ‪- it has more to do w/a payment system & less to do w/blockchain or crypto‬ ‪- if you want to move away from ad based revenue model, data privacy issues & regulatory headwinds now in full force, this is a plausible move. ‬ ‪- move towards a tx based revenue model, while still keeping data monetization (off of payment tx)‬ ‪- move towards other fin services easily (next credit?)‬ ‪- prove to regulators you rely less on selling ads or stoking social unrest‬ ‪- build recurring tx biz model‬ ‪- crypto angle is tactical, not strategic. FB coin an enabler. will mirror fiat as much as possible, for mass acceptance‬ ‪ now, winners and losers:‬ losers: issuing banks, payment processors (FB does not need these)‬ ‪threatened: payment networks. saving grace is building rules is a bear, so there is willingness to partner on both sides. Amazon & its marketplace‬ ‪winners: merchants (get new platform AND alternative to Amazon), lenders (especially non bank)‬ ‪neutral: all cryptocurrencies. like v-bucks in Fortnite, why would FB want to make it easy to exchange its coin for other coins.‬ ‪threat to FB: fin regulators will pay attention #blockchain #cryptocurrencies #banks #credit #marketplace #fintech #payments #facebook #data …see more