“Facebook recently announced that it would build more ways for people to interact through its platforms. As an extension of this ambition, Facebook is reportedly developing its own digital currency, known as the Facebook Coin, which allows users to transfer money through WhatsApp. However, the view from experts is pessimistic because Facebook does not have necessary business infrastructure. In addition, Facebook Coin seems to have a disadvantage as the company still has a hangover of mistrust emanating out of the allegations against the company over the last few years. This move is indicative of the popularization of blockchain. Another important point to determine Facebook’s success is that it will have to pull iPhone users away from iMessage to achieve the goal of building a whole suite of messaging-based services that would compete with popular iOS apps. Interestingly that goal puts Facebook, for the first time, in direct competition with Apple.” – Liz Lee