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.
For detailed study go though this article
This is a good thing that big names are moving into crypto world now.
For detailed study go though this article
So, what's it good for? Another stable coin... How this gonna change the world or how will we benefit from this?
I would be more happy if Facebook will begin accepting Bitcoin or Ethereum - that would case a huge pump and investors would win in this case.