Facebook Inc. is looking for the best options to have its own crypto currency for its WhatsApp application.
According to information we have received is one of the next projects that Facebook has to integrate in WhatsApp, the cryptocurrency will be able to use it to transfer money between contacts.
One of the problems of using crypto currencies is the volatility in prices, and from that approach Facebook has looked at projects such as stablecoin, is coin follow it for its stability.
WhatsApp will have its own crypto currency: Bloomberg
Facebook has not given specific details of when it plans to launch its own cryptocurrency, as it is thinking about the stability of its service in the long term.
It may test this dynamic first in India, but there is no assurance that it will extend its focus to other markets. The answer given by a spokesperson on the subject follows the same protocol they use every time there are rumours of novelties on the platform:
Like many other companies, Facebook is exploring ways to harness the power of blockchain technology. This new small team is exploring many different applications. We have nothing more to share
This team, referred to in the statement, is led by David Marcus (hired in 2014, PayPal), and a group of approximately 40 people, focused on the topic of blockchain. At the moment, Facebook has a long way to go and a few headaches to take this project to the next stage.