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).

  • bitcoinBitcoin$3,990.21
  • ethereumEthereum$135.21
  • rippleXRP$0.310974
  • tetherTether$1.00
  • eosEOS$3.62
  • stellarStellar$0.106546
  • litecoinLitecoin$58.70
  • cardanoCardano$0.053104
  • tronTRON$0.022217
  • moneroMonero$52.32
  • iotaIOTA$0.311027
  • nemNEM$0.048392
  • dashDash$89.92
  • neoNEO$8.98
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 41
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 40
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 40
Anton Vokrug, the CEO of DataTrading, about the financial markets and cryptocurrencies
The topic of cryptocurrency regulation will be actual for several more years in Ukraine. The Government of Ukraine has already taken steps towards the adoption of relevant cryptocurrency-related laws. In particular, the Ukrainian officials work on the legalization of the project “The Concept of State Policy in the Field of Virtual Assets”. However, what does the regulation really mean […]
2019-02-27 0 142
© 2017–2018