Is Facebook's Cryptocurrency a Threat to Bitcoin?

It’s been reported in the news recently that Facebook is preparing to launch its very own cryptocurrency project.

While details around this remain scarce for now, I thought it would be worth discussing whether such a project would pose a threat to Bitcoin and other traditional decentralised cryptocurrencies.

What do you think?

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

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Is Facebook's Cryptocurrency a Threat to Bitcoin?

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Kane Dane