As reported yesterday by Bloomberg, the world's largest social network is developing its own crypto-currency. To be more specific, a stablecoin, which is a type of digital currency tied to a fiduciary currency, such as the dollar or the real. The company is far from launching the currency in the market, since it is still working on its strategy. By the way, Facebook's intention to work in the payments arena comes from hiring the former CEO of PayPal, David Marcus, in 2014. In all probability, cryptomoeda will allow users to make WhatsApp downloads. Convenient, is not it? Let's see how Mark does in this new venture ...
This is great and I hope this project intentions is actualized! Cryptocurrencies market need something like this and since mainstreams organizations like facebook is coming into cryptocurrencies and blockchain technology, I do believe that the future is seriously very bright and we should rest assured that blockchain technology is here to stay with us. I do believe that we should not get discouraged in promoting cryptocurrencies as this will go in a long of creating adoptions and acceptability.