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.
This is a good thing that big names are moving into crypto world now.
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articleA stablecoin from facebook is a big thing. So more and more people will come in contact with crypto and that is certainly good. It will certainly help that crypto becomes mainstream.