Facebook Might Be Working on a Cryptocurrency for the Messenger WhatsApp

As anonymous sources shared with Bloomberg, Facebook is currently developing a stablecoin, meant specifically for WhatsApp, owned by Facebook. Supposedly, the new coin will soon be announced and available for use to the WhatsApp community.

One of the ultimate goals for such launching a stablecoin was to upgrade the remittance system, mainly in India, since there are more than 200 million WhatsApp Indian users, and this country has a huge remittance market.

Meanwhile, the Facebook blockchain department now has more than 40 specialists, and it seems like they are only going to expand and develop further in this area. We remind you:

Facebook Is Once Again Looking for Blockchain Specialists

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