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Browse: Home / 2019 / March / 12 / Facebook’s cryptocurrency could be $19B revenue opportunity: Barclays

Facebook’s cryptocurrency could be $19B revenue opportunity: Barclays

By Securities Docket on March 12, 2019, 8:59 am

The social network is reportedly developing a cryptocurrency that could be part of a multibillion-dollar revenue opportunity, Barclays internet analyst Ross Sandler said in a note to clients Monday.

Sandler forecasted as much as $19 billion in additional revenue by 2021 from “Facebook Coin.” Conservatively, the firm sees a base-case of an incremental $3 billion in revenue from a successful cryptocurrency implementation.

via Facebook’s cryptocurrency could be $19B revenue opportunity: Barclays.

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Posted in Industry, Top | Tagged Cryptocurrency, Facebook

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