Rumours that Facebook is interested in purchasing Coinbase.

Hello Friends,

Let's directly come to the topic as Facebook biggest Social networking site is going to give some big news regarding crypto

So Let's start

Facebook has stated that they are no more going to ban Cryptocurrency Ads but ICO advertisements will still be banned.

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We can’t be sure just yet, and even so, I don’t really think lifting their ban on cryptocurrency advertising is a step in this direction. If Facebook wanted to take over Coinbase, they would do it anyway, regardless of their own advertising restrictions because really, it’s not like Coinbase would be built into Facebook as a social network, they two entities would remain separate, it’s just that Facebook would be making some extra money from Coinbase fee’s. In theory at least.

Other implications of this could also involve Ripple XRP, the currency fighting to get a listing on Coinbase. With Ethereum Classic next to be added, we know Coinbase are looking to generate more listings, but as we know, problems surrounding Ripple’s ownership of XRP is calling XRP into question. A security-based question that is stopping XRP getting that shining listing.

If Facebook take over Coinbase however, could they make changes that would see Ripple XRP listed on the exchange? Moreover, if Facebook take over Coinbase and decide to make their own cryptocurrency, would it become a rival of Ripple XRP and thus, could Facebook ensure that Ripple XRP never sees a Coinbase listing?

Please comment your views i would love to hear from you all.

Thanks,
Sandesh Gupta