Blockchain the popular technology is mostly used in making digital currency that is cryptocurrency. Everyday a new cryptocurrency born with some awesome feature and try to beat previous Cryptocurrency.
Many Tech companies are working to launch their own cryptocurrency and Facebook is one of them.
According to the news of Bloomberg
Facebook's is working on a cryptocurrency.
This cryptocurrency is for WhatsApp so that the WhatsApp user can transfer money easily to each-other.
The developing currency is a stable currency a type of digital currency fix to the U.S. DOLLARS. I WILL WRITE MORE ABOUT STABLE CURRENCY IN NEXT POST.
FACEBOOK wants to launch their currency first in Indian market.
WhatsApp a popular messaging app owned by Facebook had launched a payment system Using BHEEM technology in India. And if they will launch in India, then it is a positive hope for Indian cryptocurrency market.
There are some reason which indicates that Facebook launch the cryptocurrency
- Facebook had hired David Marcus formal PayPal president in 2014 and he had a part of Coinbase a popular cryptocurrency exchange.
Facebook is hiring people from LinkedIn. Facebook hiring people including Data engineer,data scientists,software engineers.
1 Comments
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