Crypto Currency

Facebook is building a cryptocurrency to be used in WhatsApp, report says

Facebook is working on a cryptocurrency that will let users of WhatsApp — the messaging service that the social network giant acquired in 2014 — send and receive money, Bloomberg reported Friday, citing people familiar with the matter.  The initial focus of this effort would be the remittances market in India, the report says, and…


Facebook is working on a cryptocurrency that will let users of WhatsApp — the messaging service that the social network giant acquired in 2014 — send and receive money, Bloomberg reported Friday, citing people familiar with the matter. 

The initial focus of this effort would be the remittances market in India, the report says, and the cryptocurrency would be a stablecoin — a special type of cryptocoin which has its value pegged to some real world asset, such as the U.S. dollar.

According to the report, this stablecoin might not launch for quite some time, as Facebook hasn’t yet decided on key aspects, including the currency or currencies the stablecoin would be pegged to. 

Stablecoins have been a popular crypto-niche in 2018, as they solve one key issue that prevents Bitcoin and other major cryptocurrencies being usable for payments and microtransactions: volatility. S

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Crypto ATM scams in Australia cause over AUD 3.1 million in losses

Over 150 unique scam reports filed with ReportCyber during the period. Average loss per victim exceeded AUD 20,000. Crypto ATMs in Australia surged from 40 in 2022 to over 1,800 by 2025. Australia is facing a fresh wave of crypto-related scams, this time involving the rapid expansion of cryptocurrency ATMs across the country…

Over 150 unique scam reports filed with ReportCyber during the period. Average loss per victim exceeded AUD 20,000. Crypto ATMs in Australia surged from 40 in 2022 to over 1,800 by 2025. Australia is facing a fresh wave of crypto-related scams, this time involving the rapid expansion of cryptocurrency ATMs across the country…
Read More

Continue Reading
Crypto Currency

Bitget brings Web3 knowledge to Lagos in youth outreach event

Bitget, a global cryptocurrency exchange and Web3 firm, held its Nigeria Community Education Day in Lagos as part of its read more Bitget brings Web3 knowledge to Lagos in youth outreach event…

Bitget, a global cryptocurrency exchange and Web3 firm, held its Nigeria Community Education Day in Lagos as part of its
read more Bitget brings Web3 knowledge to Lagos in youth outreach event…
Read More

Continue Reading
Crypto Currency

Pi Network Beats XRP for Top Spot in Latest Crypto Usage Poll

The post Pi Network Beats XRP for Top Spot in Latest Crypto Usage Poll appeared first on Coinpedia Fintech News Pi Network has outperformed XRP in a recent poll about cryptocurrency usage on Zypto VISA Cards, even as its market price continues to tumble. The poll…

The post Pi Network Beats XRP for Top Spot in Latest Crypto Usage Poll appeared first on Coinpedia Fintech News
Pi Network has outperformed XRP in a recent poll about cryptocurrency usage on Zypto VISA Cards, even as its market price continues to tumble. The poll…
Read More

Continue Reading
Crypto Currency

7 Most Profitable Crypto Passive Income Tools: Earn Free BTC with Cloud Mining

Using the most profitable crypto passive income tools in 2025 can supercharge your investment efficiency tenfold. As the cryptocurrency market matures, cloud mining technology has evolved, merging financial products with The post 7 Most Profitable Crypto Passive Income Tools: Earn Free BTC with Cloud Mining appeared first on NFT Evening…

Using the most profitable crypto passive income tools in 2025 can supercharge your investment efficiency tenfold. As the cryptocurrency market matures, cloud mining technology has evolved, merging financial products with
The post 7 Most Profitable Crypto Passive Income Tools: Earn Free BTC with Cloud Mining appeared first on NFT Evening…
Read More

Continue Reading