On June 12th, CNC encrypted program Crypto Trader host Ran NeuNer said in an interview with BlockTV that Facebook's GlobalCoin would not compete with any cryptocurrency. Despite the excitement of Facebook's entry into the digital currency, NeuNer is convinced that GlobalCoin will compete with Venmo, Paypal, the US dollar and other platforms because it is a concentrated form of currency. His theory is that Facebook is working with regulators to ensure that their digital assets are in compliance with regulators in the US, India and other countries. NeuNer said Zuckerberg is the most powerful person in the world considering the number of people using his platform. This example may be helpful for the entire cryptocurrency.