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Facebook developed a Stable Coin for WhatsApp

the Facebook is working on its own crypto-currency. With the US Dollar image Stable Coin transactions should be handled via the WhatsApp Messenger. The Feature

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Facebook developed a Stable Coin for WhatsApp
the Facebook is working on its own crypto-currency. With the US Dollar image Stable Coin transactions should be handled via the WhatsApp Messenger. The Feature is to be first in India unlocked.

By Christopher clover
21. December 2018ShareFacebookTwitterLinkedInxingemail

since the spring, rumors that the Social Media giant Facebook in working the back room of a private Crypto-currencies are circulating. Apparently, these rumors had to be true. As an Insider of the US news Agency Bloomberg revealed, to work in Silicon Valley on a in-house Cryptocurrency. Facebook wants to allow the reported transactions over the messaging service WhatsApp. As Bloomberg's sources report, it should be in the Token-in-law to a Stable Coin, which reflects the value of a Dollar.

project is still in the early phase of

The project was continued, however, still in an early stage of development, so the anonymous sources. Also, it is important, among other things, to clarify the question about the physical coverage of the Coins by Fiat deposits. When all the questions are clarified, first of all, can the WhatsApp User in India the Feature.

Facebook has built up to the Ex-PayPal chief David Marcus, a Blockchain-Task-Force. Marcus was previously for the Facebook Messenger to be responsible, the numbers of users it could increase dramatically. In addition, Marcus was eight months, a member of the Board of Directors of the crypto-exchange-Coinbase – a Position he is due to his new job for Facebook's Blockchain Department at the 10. August gave up. He may have wanted to prevent the impression of a conflict of interest which could go hand-in-hand with the new Stable Coin.

The competition has provided: Telegram Open Network

Meanwhile, the competition is not sleeping, on the contrary, Messaging competitor Telegram has been working for some time on a Blockchain platform for Transfers. The Telegram Open Network (TON) collected in may, already in the Pre-Sale of the Initial Coin Offerings, the record-breaking total of $ 1.7 billion – to gather a half a billion more than Telegram originally. CLAY has done it, although not yet ready for market; one in November of the published Leak, not much is missing. Accordingly, the TONE network was completed in September to 70 percent.

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