Tuesday, 25 Jun 2019

A source stated that WhatsApp is preparing to make its own digital currency


IllustrationIllustration - Facebook is reportedly preparing a digital currency payment feature (cryptocurrency) for WhatsApp. The new feature planned to carry the name Stablecoin is reportedly allowing WhatsApp users to send money to each other on their platform.

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A Bloomberg source whose identity was not revealed said this feature was rumored will be appeared for the first time for WhatsApp users in India. As is known, WhatsApp is one of the popular applications in India that has more than 200 million users.

Nevertheless, Facebook's move to release the digital currency is still far away because it is still in the process of working on the strategy, including plans for detention assets to the regular currency that will be presented to protect the value of stable coins.

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The news of the appearance of the payment feature using the digital currency, especially after Facebook was recruiting former PayPal president David Marcus to run the Messenger application in 2014 ago.

Meanwhile, in May, Marcus headed the blockchain initiative in Facebook. In addition, the company which is founded by Mark Zuckerberg is also known as a large-scale recruitment of digital currencies. Through a LinkedIn account, Facebook is known to have around 40 people to support the blockchain team.


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