Facebook Might Be Working on a Cryptocurrency for the Messenger WhatsApp

As anonymous sources

shared

with Bloomberg, Facebook is currently developing a stablecoin, meant specifically for WhatsApp, owned by Facebook. Supposedly, the new coin will soon be announced and available for use to the WhatsApp community.

Dear @arunjaitley Facebook is developing its own cryptocurrency for whatsapp transfers. It’s a matter of time before large companies turn to crypto. As a country, it’ll be too late for India if we do nothing! Step 1: Please remove banking restriction#IndiaWantsCrypto 🇮🇳 — Nischal (WazirX) ⚡️ (@NischalShetty) 21 декабря 2018 г.

One of the ultimate goals for such launching a stablecoin was to upgrade the remittance system, mainly in India, since there are more than 200 million WhatsApp Indian users, and this country has a huge remittance market.

Meanwhile, the Facebook blockchain department now has more than 40 specialists, and it seems like they are only going to expand and develop further in this area. We remind you:

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