If they ran on steem, that will be awesome, but i think they will want to create a crypto on top of a blockchain like EOS, or better still make theirs as it will enable them acquire more profit more than being on an existing crypto. I think they will want to take opportunity of the early adoption and create their own
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Facebook would need to decentralize to pull off their own token so I see it highly unlikely its going to happen. I mean let's think about it for a sec... they'd need to pull their shares off the Nasdaq, then tokenize it on a blockchain. The same types of questions were asked in the dot.com boom. Why didn't Blockbuster just start shutting down there stores and start digitizing the movie industry like Netflix did? They could easily crushed them in the early 2000's. In real life its not so easy to change your entire business model. Facebook in order to compete with Blockchain startups like Steem and the Steem ever expanding apps would need to change their entire business model from being ad based revenue to FB coin the "utility token". Its not going happen. The best they could do is create some type of FB coins rewards system but this puts them in direct conflict with there advertisers. Facebook will forever be relying on data mining to make $$$, whereas in the blockchain world we don't need any advertisers to have a super valued community own our own.
Thanks for this enlightenment, Facebooks business model is built on an entirely different structure, same goes for all these other multinationals like Apple etc, which leaves no room for adoption of cryptocurrencies, however, they might come up under a different name, if at all
Indeed. I believe unless they completely change there entire business model it will be impossible to integrate Crypto successfully. FB is acting just like the banks. We like blockchain just not Bitcoin or the Crypto currency. As veterans already know in this space you can't have a blockchain without the Crypto. What makes the blockchain so powerful is the open accessible nature of it. Crypto is for everyone not like the legacy closed and controlled financial systems we have today.
At this moment, Bloomberg has launched a cryptocurrency index in conjunction with Galaxy Digital Capital Management, a digital assets merchant bank headed by billionaire ex-hedge fund manager Michael Novogratz.
I might be wrong but this has the probability to lead the trend of these other multinationals adopting their own crypto as well
You can check here for more info
https://www.coindesk.com/bloomberg-partners-with-novogratz-to-launch-crypto-index/