As per recent article on Bloomberg , facebook is developing a cryptocurrency that will allow users to transfer money through their whatsapp messaging app and they are first focusing on market in India. They are developing a stable coin-a type of digital currency pegged to the U.S. dollar as bitcoin have high volatile nature.
This is a good thing that big names are moving into crypto world now.
For detailed study go though this
articleFacebook and all the other major corps and govs are working on their own cryptocurrencies behind the scenes, furiously. Not only that, they are colluding behind the scenes in secret at the government and mega-corp level.
Facebook was started by, funded, and continues to be protected by government entities (FBI, CIA, NSA, etc.) The headline just as easily could have read "US Government creates cryptocurrency and looks to test in India markets".
Couple all that with the fact the Indian government just banned large denomination bills (cash) last year, has a government beholden to Western interests, and you have the perfect test bed for the Western Intelligence services to try out version 1.0 on a desperately poor country that is largely isolated by Western media outlets. No matter how the experiment goes, you will not hear about it in the Western media.
And one thing you can be 100% sure of. When the govs and corps start announcing their 'approved for use' cryptocurrencies, the code will be weaponized and anti-human in nature, full of back doors, and invisibly controlled from a centralized location.
Please, everyone. Spread the word about crypto.
