Facebook creates a crypto-based payment system
Bitcoin went up by more than $ 351.93 and peaked at $ 5796.93. This is the highest level since November 14.
A catalyst for the move is the report that Facebook is creating a crypto-based payment system. If the project is successful, it would be the most massive application of the digital asset. The news helped Bitcoin rise.
Technical Price Tests 50% Fibonacci on the move down from the Top on July 25 From $ 5808.45
Facebook are under enormous regulatory pressure on the storage of their users' personal data. Now they want to open up their platform (which is already accused of having an impact on global elections) to exchange commodities with payment by unregulated currency.
In my opinion, this will not appeal to the governments of other countries trying to keep track of taxes on Internet sales.
Facebook is already under a personal data privacy concern microscope whether this will further aggravate governments and regulators? They are already in the pan. They also seem to want to fire.
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