WhatsApp could be getting its own cryptocurrency

2018-12-21 11:29

Kik might not be the only messaging app to support cryptocurrency payments if Facebook’s latest dream comes true. According to people close with the matter, the social media behemoth is looking to develop a cryptocurrency that enables WhatsApp users to transfer money to each other, reports Bloomberg.

Apparently it’s going to be a stablecoin pegged to the US dollar too. Hopefully, that will help address any potential volatility to ensure that transfers hold their value long enough for the recipient to turn them back into spendable fiat. It also might mean that this stablecoin will only be available in the…

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Facebook makes the much anticipated dive into Crypto, a stablecoin backed by WhatsApp is currently in the works

Insiders sources have recently revealed that the leading social media platform Facebook, is currently expanding its structure with a major dive into the world of cryptocurrency. As reported by Bloomberg, the social media giant is making plans to incept cryptocurrencies into its messaging application WhatsApp.

2018-12-21 14:24


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