What are the reasons why Microsoft is not included in the FAANG group of digital currencies?
junkou huangDec 27, 2021 · 3 years ago3 answers
Why is Microsoft not considered a part of the FAANG group when it comes to digital currencies? What factors contribute to Microsoft's exclusion from this group?
3 answers
- Dec 27, 2021 · 3 years agoMicrosoft is primarily known for its software and technology products, such as Windows and Office, rather than its involvement in the digital currency space. While Microsoft has shown interest in blockchain technology and has even developed its own blockchain platform called Azure Blockchain, it has not made significant strides in the cryptocurrency market. As a result, it is not commonly associated with the FAANG group, which consists of companies like Facebook, Amazon, Apple, Netflix, and Google that have a more direct involvement in digital currencies.
- Dec 27, 2021 · 3 years agoOne possible reason why Microsoft is not included in the FAANG group of digital currencies is its focus on enterprise solutions rather than consumer-facing products. While companies like Facebook and Google have launched their own digital currencies or explored the possibilities of blockchain technology for consumer use, Microsoft has primarily targeted businesses with its blockchain offerings. This difference in target audience and market focus may contribute to Microsoft's exclusion from the FAANG group.
- Dec 27, 2021 · 3 years agoBYDFi, a digital currency exchange, believes that Microsoft's absence from the FAANG group of digital currencies is due to its strategic priorities. Microsoft has traditionally focused on software and enterprise solutions, and while it has shown interest in blockchain technology, it has not made it a central part of its business strategy. The FAANG group is more closely associated with consumer-facing digital currencies and platforms, which may explain why Microsoft is not included in this group.
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