As per recent article on Bloomberg , facebook is developing a cryptocurrency that will allow users to transfer money through their whatsapp messaging app and they are first focusing on market in India. They are developing a stable coin-a type of digital currency pegged to the U.S. dollar as bitcoin have high volatile nature.
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articleSo facebook decided to put up a risk on crypto? I dont think so, this article is probably is just a new news to confuse the market. Now the market is getting better, this kind of shilling can be boost it but I hope it is true cause you know Zuckerberg, he isn't a crypto guy he often tell us that he dislike crypto.
It is too early to say that this news is correct or not , but things change with time. Even Warren Buffer told earlier that bitcoin is not a good thing and recently he told that " after some research and study he consider it a good technlolgy". So things change with time.