Facebook has already launched negotiations for listing of a new altcoin on several major crypto exchanges. Facebook corporation started negating with various crypto currency exchanges regarding possible listing of its own stablecoin backed by currency basket, reports The New York Times referring to anonymous sources familiar with the matter. The company is going to launch it in Q1-Q2, 2019, at least 50 developers are working on its development now, the other company employees have no access to it. The stablecoin will be used in WhatsApp messenger, its users will be able to transfer money to each other and pay for purchases. Stablecoin is backed by dollars, Euros and some other national currencies stored on company’s banking accounts. It will probably take more than a year to integrate a new coin into Messenger, WhatsApp and Instagram, expanding coverage to может 2,7 billion users who use one out of three apps monthly. Earlier, Bloomberg reported that the crypto currency will appear in Indian market first, WhatsApp has 200 million users there. Information on Facebook’s stablecoin development was published last spring first. The corporation hasn’t confirmed or denied this data officially yet. |
