Facebook set to introduce cryptocurrency for WhatsApp

Facebook is set to introduce cryptocurrency for WhatsApp, so as to enable users of the popular messenger application send and receive money.

facebook whatsapp alexander supertrampshutterstock.0

Although the focus will be the Indian market, the cryptocurrency will be a special cryptocoin, “stablecoin” which has its value as the U.S. dollar.

According to the report, Stablecoin is so chosen because it is able to protect users from volatility, a problem Bitcoin and other cryptocurrencies have been having.

Bloomberg reports that Facebook’s statement reveals that it is

“exploring ways to leverage the power of blockchain technology” which had the head of Facebook’s Messenger, David Marcus, explaining in May this year, “I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.”

READ ALSO
How to Apply Thermal Paste: 5 step by step Guide in 2021

READ ALSO –WhatsApp is going to delete all your messages

 

Lailasnews



Stay Connected , follow us on: Facebook: @creebhillsdotcom, Twitter: @creebhillsblog, Instagram: @creebhills, Pinterest: @creebhills Telegram: creebhills

To place an advert/sponsored post on our site, contact us via [email protected], [email protected]
Previous articleMy private life is my business, says Nikki Laoye
Next articleHalima Abubakar Goes Topless In Beautiful Photo Shoot
Pro Blogger, Online Content Developer with over 3 years of experience

LEAVE A REPLY

Please enter your comment!
Please enter your name here