Facebook is Developing a Cryptocurrency

[Hunnykaushal31]

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 article

[Hunnykaushal31]

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.

For detailed study go though this article

So facebook decided to put up a risk on crypto? I dont think so, this article is probably is just a new news to confuse the market. Now the market is getting better, this kind of shilling can be boost it but I hope it is true cause you know Zuckerberg, he isn't a crypto guy he often tell us that he dislike crypto.

It is too early to say that this news is correct or not , but things change with time. Even Warren Buffer told earlier that bitcoin is not a good thing and recently he told that " after some research and study he consider it a good technlolgy". So things change with time.

[Bharathi13]

Targetting India first!!! Well India have very unclear regulations on cryptocurrency and Indian government don't recognise Bitcoin and cryptocurrency as legal tender. This is good news but they will have big task to take approval from the Indian government.

[Hunnykaushal31]

Targetting India first!!! Well India have very unclear regulations on cryptocurrency and Indian government don't recognise Bitcoin and cryptocurrency as legal tender. This is good news but they will have big task to take approval from the Indian government.

Yes correct, as mentioned in article, it will take time so i guess till then regulations will be there in India for cryptocurrency.

[TimeTeller]

Targetting India first!!! Well India have very unclear regulations on cryptocurrency and Indian government don't recognise Bitcoin and cryptocurrency as legal tender. This is good news but they will have big task to take approval from the Indian government.

Yes correct, as mentioned in article, it will take time so i guess till then regulations will be there in India for cryptocurrency.

I'm wondering why fb will launch such project in India first?
And yes, considering their crypto regulations, this is not a suitable place to implement this project.
Might look into other countries with friendly approach in terms of crypto acceptance.
That would be much faster and easier process and also, to see the results faster.

[CryptoBry]

I am sure that this can be an exciting development and this can be what a real token cryptocurrency can be because we can then be using the coins to buy any services offered by Facebook or can also be used by Facebook users for eCommerce purposes within the social media site. With its reach influence and prowess, I am sure that Facebook can make this new project a big success -- the real mainstream adoption of cryptocurrency can be coming because of Facebook. The next question is: Will this eventually rival and take the space enjoyed by Bitcoin for years?

[OneCoinMan]

An interesting move on their part, especially in this period. Heh, they blocked all references to ICO when the market was on the tops, and now, when the market is on the bottoms, they launch their own cryptocurrency. Heh, interesting.

[batang_bitcoin]

Guys don't be surprised with this.

Earlier this year, there's too many news about Facebook hiring some blockchain experts and needed a position like that for their another start up.  I wish that they will just focus not with their crypto but with the development because we already have too many crypto's.

[BitcoinHodler]

cryptocurrency?!!!
whatsapp belongs to facebook, the token is going to be used inside whatsapp only and it is created by facebook. so why call it a "cryptocurrency" where it is just an IOU token that funds your application inside their centralized database. not to mention that when we are talking about centralized tokens usage of blockchain technology is very inefficient.

[Moxivuki]

This is a very good news for the encryption market, because Facebook has a lot of users and supporters, which will bring a lot of attention to crypto.

[maculeth]

this is good news, I read it earlier, that Facebook is developing a blockchain that will be applied to whatsapp which aims to make it easier for users to make transactions through the Whatsapp application. I also saw crypto ads on the Facebook page, which means that Facebook has received crypto again? Hopefully this is a good start.

[KKH84]

this is good news, I read it earlier, that Facebook is developing a blockchain that will be applied to whatsapp which aims to make it easier for users to make transactions through the Whatsapp application. I also saw crypto ads on the Facebook page, which means that Facebook has received crypto again? Hopefully this is a good start.

Of course everyone's hopes, the impact of positive news will bring an increase in crypto prices on the exchange, hopefully this can be the trigger after months of crypto prices experiencing a severe decline.

[xuv500]

This is a very good news for the encryption market, because Facebook has a lot of users and supporters, which will bring a lot of attention to crypto.

Definitely, this is a very happy news for crypto users and I am sure this digital currency revolution will keep going. Facebook is hub of connecting people's and this will make a huge impact on other altcoins.

[anamie]

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 article

Facebook has billions of user's so this will help in crypto world to become more popular if this news is legit, but I wonder why crypto ads is still banned in facebook ? Anyways let's see what will happen if this is true or not.

[acidburn14]

If this article is true then it's a good news for crypto for we all know that facebook is one of the giants in social media and this would certainly help people to know more about cryptocurrency though it's too early to tell whether the article is true or not but still it will have some impact to crypto market if proven right.

[damberg]

It is totally understandable to launch such a service in India first. Let's wait and see what the end product will be (they will have to cope with lots of technical obstacles).

[Jamalzzz]

of course, this is an excellent thought. Pierce facebook is the right target for more fluffy and more crypto makes close to real life. the future will be more and more other surprises, then prepare there now.

[givary]

Of course, this will be good news. We can see that this technology makes it easy for everyone to make transactions. So that in the future not only Facebook will try to develop Crypto, but like Twitter or Google who will participate.

[kamar25]

this is considerable progress, crypto has been able to lead influential people in the world. but with the founders and great figures in this world we must look forward to what changes they will make.

[crispynougat]

Crypto's back again a new surprise. of course, this will be the form and new energy and a new spirit for optimistic crypto will evolve to support activity in the world.