According to anonymous sources familiar with the matter, the company has already launched negotiations regarding listing of a token on several major crypto exchanges. According to New York Times (NYT) article published on February, 28th, Facebook company who stands behind the largest world’s social network “hopes to succeed where Bitcoin failed”. Referring to numerous anonymous sources, NY Times gathered information about the project of the future social crypto currency of ?Facebook Coin? designed for integration of digital payments into messaging services such as Facebook Messenger and WhatsApp. According to the media outlet’s data, Facebook is planning to re-build its infrastructure and integrate its apps – WhatApp, Messenger and Instagram into a single system. This will provide the future token with 2.7 billion audience which uses these three services monthly. NYT notes that the idea of a crypto currency payment system working in messengers is also actively developed by such Internet giants as Kakao, Line and Telegram. Presumably, Facebook finally made sure that it needs to launch its own crypto currency project after Telegram has raised $1,7 billion during the two rounds of Gram token-presales. PayPal ex-president headed company’s blockchain development department. As Cointelegraph reports, information about the project and its timeframes corresponds with the last year’s appearance of the list of vacancies for blockchain specialists. Three unidentified sources told that Facebook already hired more than 50 engineers for development of its own crypto currency. Nevertheless, reports filter out some data. The sources familiar with team’s work state that the future coin will be a so-called stablecoin – it’ll be linked to fiat currency, and not even to a single currency, but to three national currencies stored on company’s banking accounts. Moreover, according to the media outlet’s information, Facebook has already started negotiating regarding Facebook Coin listing with several unnamed major crypto exchanges. According to other sources, a token for WhatsApp will be presented in Q1-Q2, 2019, but it might take more than a year to integrate the coin into the messengers. Centralization is still the most dubious question in this case: to what extent these tokens’ transactions will turn out to be centralized. NY Times refers to the crypto industry experts who claim that Facebook will probably face the same technological restrictions and regulative hindrances, which the strongest crypto currencies such as BTC have faced. |
