Facebook is developing stablecoin for the WhatsApp messenger users

Home » ALTCOINS » Facebook is developing stablecoin for the WhatsApp messenger users
Facebook is developing stablecoin for the WhatsApp messenger users
2018-12-21 in ALTCOINS

Facebook is developing a stablecoin for users of the popular WhatsApp messenger.

The company plans to launch a service in the Indian market, where WhatsApp has about 200 million active users. In addition, the volume of the money transfer market in the country in 2017 amounted to $ 69 billion, which brought the country to the first place in the world.

At the same time, Facebook Inc. also is working on the concept of custodial solutions for currency reserves at the base of stablecoin, sources say.

Facebook has opened five vacancies for blockchain specialists, including the positions of a researcher and data engineer, as well as a manager of a team of blockchain specialists.

We add that the development of blockchain solutions on Facebook is the responsibility of ex-president of PayPal, David Marcus, who for some time served on the board of directors of the American cryptocurrency company Coinbase.

Earlier, the Basis project, which develops algorithmic stablebcoin, confirmed the rumors of closure due to tight regulation by the US Securities and Exchange Commission (SEC).

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,586.96
  • rippleXRP$0.320734
  • ethereumEthereum$118.91
  • tetherTether$1.00
  • eosEOS$2.40
  • stellarStellar$0.104532
  • litecoinLitecoin$30.61
  • cardanoCardano$0.043519
  • tronTRON$0.024620
  • moneroMonero$44.40
  • iotaIOTA$0.303865
  • nemNEM$0.055749
  • dashDash$69.55
  • neoNEO$7.45
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 1
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 6
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 24
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 15
© 2017–2018