It has been rumored for a long time that Facebook is working on its own cryptocurrency. The information has been confirmed recently Bloomberg, one of the world's largest news agencies specializing in reports on financial markets - the most popular social networking site is developing the implementation of its own stablecoins, the operation of which will be possible via Facebook-based WhatsApp messenger.
New cryptocurrency, based on the US dollar, is focused on supporting the process of conducting cash transactions on individual markets. The reasons for Facebook's turning towards digital payment methods can be seen in the fact that the volatility of the cryptocurrency market means that they are still not used on a larger scale during payment transactions, but on the other hand they have become an indispensable part of many corporate platforms.
Nevertheless, as we know from an anonymous source, Facebook itself is still considering different strategies, and therefore introducing Facebook stablecoin it has not been finally decided yet. Particularly the attention of the medium is devoted to issues related to security and law.
Facebook seems to be seriously interested in the digital payment market, especially as it employs over 40 experts specializing in block chain technology and in cryptocurrencies. He leads the team David Marcus, previously holding the position of the president of the platform PayPal and the head of the application Facebook Massenger.
Involvement of a tool such as WhatsApp gives you great opportunities on the market in India, where the communicator is very popular. The country is, in turn, the world leader in terms of money transactions, hence the strategy of the empire The Zuckerberg brand she seems to be very well thought out.
Thus, the application, which is WhatsApp, becomes more serious, becoming a business tool. It is also worth mentioning that Facebook itself has a very large potential for marketing cryptocurrencies, as it attracts billions of users, and thus - generates billions of profits. Using the WhatsApp messenger will increase the chances of winning the Asian market.