Altcoins News
By Steven Anderson
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Facebook Inc is currently working on developing a cryptocurrency that will allow their users to be able to transfer money using the WhatsApp Messaging app.
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The App will first of all be concentrating on remittances in India. This information was provided by people who were familiar with the matter.
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Facebook is developing a Stablecoin. This will be a digital currency that will be pegged to the USD.
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Facebook will take some decent amount of time to release the coin; however, they are still in the process of strategizing. They are making plans for custody assets.
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It has long been expected for Facebook to be providing financial services. This expectation shot up when Facebook hired David Marcus, the president of PayPal to run the…
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The blockchain initiatives of the company have not been discussed in detail so far. The employee titles on LinkedIn page confirmed the hiring spree of Facebook.
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The company spokesman further remarked that “Like several other companies, Facebook will be exploring methods to leverage the power of the blockchain technology, and that the…
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WhatsApp, is a mobile-messaging app that is encrypted and very popular in India. There are more than 200 million users.
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There has been a widespread boom of cryptocurrency projects based on the stable coins. There was a point when there were more than 120 ventures on this theme according to a…
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It has not been easy to execute this task so far, as at least one of such high profile projects did shut down this week.
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