Blockchain Capital Partner: Facebook may double or double the number of cryptocurrency users

On May 8, Spencer Bogart, a partner at Lockchain Capital, an encryption investment company, said in an interview that social media giant Facebook's efforts in the encryption field could double or double the number of cryptocurrency users. It believes that the tokens issued by Facebook will serve as a springboard either as a stable asset or as another encryption asset. In addition, it emphasizes Facebook's move "igniting the passion of all major US financial technology and financial institutions." Organizations that were cautiously entering the field will see Facebook's example as the driving force for action.