Facebook set to introduce cryptocurrency for WhatsApp

Facebook is set to introduce cryptocurrency for WhatsApp, so as to enable users of the popular messenger application send and receive money.

Facebook set to introduce cryptocurrency for WhatsApp lailasnews


Although the focus will be the Indian market, the cryptocurrency will be a special cryptocoin, “stablecoin” which has its value as the U.S. dollar.

According to the report, Stablecoin is so chosen because it is able to protect users from volatility, a problem Bitcoin and other cryptocurrencies have been having.

Bloomberg reports that Facebook’s statement reveals that it is

“exploring ways to leverage the power of blockchain technology” which had the head of Facebook’s Messenger, David Marcus, explaining in May this year, “I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.”

362 Comments

  1. It would be interesting to know how that works……as long as it’s gonna benefit everyone…it’s good to go

  2. This will be a great welcome development, as the world moves on to a higher face, heralding the prophecy of a cashless society.

  3. That is inpromen to advance the country mentality and way of living a life in these world
    Kudos to facebook jarry

  4. Technology is good. Mark has proven his levels of what a good innovation should look like by always upgrading his ideas.

    .

  5. Will this not increase fraud, all these technology is really increasing fraudulent activities, let’s use with caution.

  6. We may not know the main reason why they want to introduce this but let’s see how it goes there may be an hidden agenda

  7. Yeah this is a welcome development by Facebook stablecoin will be able to protect users from volatility, a problem Bitcoin and other cryptocurrencies have been having.

  8. Mark has proven his levels of what a good innovation should look like by always upgrading his ideas. But the question is that: will it be convenient and easy to use?

  9. Imagine receiving and sending money on whatsapp app. This is really a great advance technology on social media. This is a good idea.

  10. This is a good development, facebook has been advancing, bringing up great ideas that will increase them and also favour the users.

  11. Nice one. This is welcoming and it’s advancement of technology for the betterment of the people. Good idea

  12. facebook, is really improving, thanks in advance for the intoduction of crypto, i will like to know more because i love to invest.

  13. it will be interesting to know how it will work out.I hope scammers won’t take undue advantage of people.

  14. Good move. Am happy its not for the Nigeria market yet How would it have been safe with all these rogues

  15. Yahoo boys will definitely be on the increase.. I know people would beware of Africans in their profiles

  16. Its a good development but many will use this as an advantage to scam others, well Kudos to Facebook for the development.

  17. That would really be amazing, it’s going to be a good development to whatsapp, kudos and well done to the entire facebook team

  18. This is an Awesome development, the world is fast moving into the Technological Era.
    The Future is Here!

  19. Very interesting to know, how it will also be used and we hope it will be easy and also benefit alot of us

    Reply

  20. It’s a good development. Facebook is really moving forward in line of technology I like that so much.

  21. This is good news,very legit,Facebook is developing the world and creating more income to himself, this is good news,i love it

  22. This will be a great welcome development, as the world moves on to a higher face, heralding the prophecy of a cashless society

  23. I hope this cyrptocurrency won’t be just bitcoin. It would be fantastic is social media platforms can earness the system and boost it’s popularity of the crypto

  24. We are waiting. Cryptocurrency is taking over the world. That’s a very good development. I like this.

  25. Sounds like a good develop, I fear for Nigeria though. I fear this might eventually increase the rate of fraudulent acts here.

  26. It’s a good idea but it’s gonna have much hitches… People may not have knowledge on how it’s done and apart from that exchange may have some delays too especially from one country to another .

  27. This is coming after Facebook has made Billions of dollars from its users, is this a kind of compensation or what?

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