What We Need to Know About Facebook's Crypto Money
According to a report released by the New York Times on Feb. 28, Mark Zuckerberg, an internet emperor, is working on a crypto currency he plans to integrate with WhatsApp, Messenger and Instagram, more than 2.7 billion users worldwide.
New Facebook Project
According to information from multiple anonymous people, Zuckergberg's new Facebook project is working on a new stablecoin that will allow users to send money to people they know through WhatsApp. We shared detailed information about this with you in this article. Anonymous sources say that stablecoin will not only be limited to the US dollar, but can also be fixed to different traditional currencies. Therefore, the value of the new token will be supported by funds from bank accounts. It is also claimed that a team of 50 engineers is working on a project in a closed office and that the Facebook coin can be released in the first half of 2019.
The Right Move
On the other hand, although a large company such as Microsoft announced that it started accepting crypto money payments (Bitcoin) in 2014, most of the online stores are not yet offered as a payment option. Therefore, when customers want to pay for crypto money, they have to convert their coins into traditional currencies. This is not advantageous in terms of both time and cost. For this reason, the whole world of crypto money is predicting how Facebook will make this move and is waiting for the day when it will come out with curiosity. Because if the right step is taken, the crypto money of the social media giant can be used outside of its platform without any time and cost problems.
There are also rumors that Facebook has already started to discuss stock exchanges for crypto-currency listing. Facebook coin biris crypto-money world, as expected and released on the market can be one of the biggest steps in the name of adoption.
Telegram next to Facebook'u also announced that his token'nu work on. In addition, Asia's largest mobile messaging applications, Cocoa and Line, continue to work on both Blockchain and Crypto coins in the same way.