Facebook is Developing a Cryptocurrency

[letyouearn]

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

So, what's it good for? Another stable coin... How this gonna change the world or how will we benefit from this?
I would be more happy if Facebook will begin accepting Bitcoin or Ethereum - that would case a huge pump and investors would win in this case.

[Ini35]

If Facebook will be integrating WhatsApp into the system, that will be a good connection, because there are so many users on these two platforms, both Facebook and WhatsApp. The two have already built reputation and are popular, so I envisage a successful project already from their end. Investors will be excited are ready to invest in the cryptocurrency,  even before it lunches on exchange.

[cryptomaster420]

If this is an accurate news, it is good news for the electronic money market. However, I think this is not feasible because both Facebook and India do not like electronic money.

It is accurate news, it's pretty much public at this point.
This will be great for remittances and I welcome the idea.
Hopefully people won't forget that centralization kills most of the benefits of cryptos, though.

[apitico]

Its a great news to see vig companies to start interested in crypto, but one of the things that I don't like is they created another alt coin, why don't they just used bitcoin or eth, one of the strong coin that already existed, I don't think they have the intention to make the crypto grow, they just want to make more profit

Well you are right but According to me it is not possible because Facebook is a well known social media site which has been using for years by people and this kind of New comes every year. I have seen allot of sites on Facebook promoting bitcoin because they use it and Facebook has thousands of site who are being use for bitcoin promotion activities. So fire this is not good nor possible.

I agree that most likely they just want to earn more money, and since cryptocurrencies are still quite relevant, you can use this chance. I think that it will still have a positive impact on the entire cryptocurrency market, because if Facebook releases its coin, it will confirm the fact that cryptocurrencies are a promising industry in which it is worth investing.

[elcezireex]

Instead of developing a stable coin, they could've developed a tradable coin. It would be better for us.

[Bomber007]

This is a very good a d bullish news and not just for blockchain but also Cryptocurrencies, this would help lead crypto to mass adoption of crypto, the future looks bright.

[Diva1993]

I have been hearing this news for. Awhile now but to be honest, I do not fully believe in it because Facebook was one of the entities that were fighting against crypto earlier this year

[felicita]

maybe they can now make whatsapp a bit privater and safer .
iam using currently telegram becourse whatsapp fucks off your privacy.


regards

[Prolifik]

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

Stable coins are good if market is falling and there is an option how to protect your funds in high volatile cryptocurrencies.
But as soon as bull market comes, people will start selling these stable coins and they will again buy true cryptocurrencies.

[minttop]

Not only facebook,but also whats up, telegram are making own crypto. But the biggest chances for mass adoption telegram has.
You know, crypto has the biggest concentration in telegram

[gabmen]

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

Stable coins are good if market is falling and there is an option how to protect your funds in high volatile cryptocurrencies.
But as soon as bull market comes, people will start selling these stable coins and they will again buy true cryptocurrencies.

Well anything that takes crypto towards mainstream adoption is always good especially with a company as big as facebook. It'll be good in general even if there's no assurance about it yet.

[kyle999]

Facebook is one of the social media that is powerful because many use and support it. if promoting it will be easier because Facebook is widespread in the world. so many bounty hunters join the Facebook campaign to help with the bounty project.

[oxoxoxox]

Facebook is one of the largest social networking sites in the world, and its user base is huge. If it's really developing its own crypto, then this will bring a turn for the crypto market.

[Coinmyjob]

Facebook is one of the largest social networking sites in the world, and its user base is huge. If it's really developing its own crypto, then this will bring a turn for the crypto market.

They know how to spoil everything, the more closely cooperate with the US government. It's not even a cryptocurrency is difficult to call, a wallet under the guise of cryptocurrency, nothing more

[UniversityCoin]

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

This once again proves that cryptocurrencies have great potential for using them in various fields. I am very glad that Facebook made this decision.

[andrei56]

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

This once again proves that cryptocurrencies have great potential for using them in various fields. I am very glad that Facebook made this decision.

I am not that glad, people are enthusiastic because a big name is trying to create a cryptocurrency but I am sure that it will not be that different from fiat and if that is the case why do we need such a coin in the market? They are only going to create even more confusion among investors about what it is a cryptocurrency and why do we need them in the first place.

[TastyChillySauce00]

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

This once again proves that cryptocurrencies have great potential for using them in various fields. I am very glad that Facebook made this decision.

I am not that glad, people are enthusiastic because a big name is trying to create a cryptocurrency but I am sure that it will not be that different from fiat and if that is the case why do we need such a coin in the market? They are only going to create even more confusion among investors about what it is a cryptocurrency and why do we need them in the first place.

Pretty sure that this coin is not meant to be used as a tool for investment or such instead it will be used as a currency within whatsapp ecosystem and that is why the value will be pegged to fiat. Maybe the coin will be used to pay for sticker or anything else no need to worry.

[mewtea]

Sylo which is a decentralized communication application will allow users to make transfers in messaging apps. They have been working on this for a year now, seems like Facebook stole their idea.

[nelson4lov]

I'm glad to see Facebook and a host of other top organisations getting interest in Bitcoin, Blockchain and cryptos. It brings so much joy to my face. Facebook had always had a thing for Crypto but Can't just take the bold move because of the regulatory processes and requirements around it. Seems they're finally going all in. I just hope other Companies follows suit.

[bittick]

I'm glad to see Facebook and a host of other top organisations getting interest in Bitcoin, Blockchain and cryptos. It brings so much joy to my face. Facebook had always had a thing for Crypto but Can't just take the bold move because of the regulatory processes and requirements around it. Seems they're finally going all in. I just hope other Companies follows suit.

It's just a rumour and you should check it through use various press. It's clear if there was someone spreading this rumour around the crypto holders. facebook has been using various payment system but they are not having any interest to create their own crypto.