Large social media giants are announcing that they will be implementing cryptocurrency into their networks and escalating mass adoption and money transfers will soon be available directly over the social networks.

One of the largest social networks in the world has announced its coin launch in 2020 and loopia.network has announced that their cryptocurrency Loop will be released in late 2019 and this will for sure impact the whole mass adoption of cryptocurrency for the average person and help a significant portion of the countries that do not have access to banks to be able to accept and receive payments directly through their social networking accounts.

We contacted Kristinn Spence, the founder of Loopia network, and asked him what he believes will be the future of social networking, and he had this to say.

"Well i cannot speak for any other social networking website out there but I know for sure what we will be doing and what our vision is, for us we are going to make payments available for everyone and transferring funds over our network without having to rely on banks or a centralized institution, and we are going to make it so that everyday users can do this with ease and without having to be very technical or even know how cryptocurrency or blockchain technology works, and then we are going to enable all the content creators on our platform to be able to earn directly for their content and it does not matter what the content is as long as that they have the rights for it and then we will connect advertisers and influencers and allow them to deal with each other directly, making it a real decentralized P2P or B2P social network."

Now the big question on everybody's mind is how fast will this push mass adoption and which companies will be at the forefront of technology and help shape the future of payments and change banking forever.

Already have the most significant payment providers In the world, the largest ridesharing corporations and one of the largest broadband network company in the world announced that they would be a part of the cryptocurrency mass adoption, so things seem to be progressing at a swift pace.

One thing is for sure, though, banking is changing, and payments are adopting, and the world is moving closer to worldwide instant and low-cost transactions, and social networks seem to be leading the way to mass adoption.