Facebook Develops Cryptocurrency for WhatsApp
Facebook Develops Cryptocurrency for WhatsApp | Credits: Bitcoinist.com

Reports says Facebook Develops Cryptocurrency for WhatsApp. This Cryptocurrency helps WhatsApp users to Transfer Money. Bloomberg first report about this, they report for WhatsApp they will integrate a Stable Coin.

I know many of you don’t know about Stable coin. Well it is also a type of Cryptocurrency, but not a volatile one. Moreover, its rate depend on some other real world currency or asset like USD. When anyone wants to transact a stable coin, the authority who controls it, give him the equal respective asset on which it depend.

We currently don’t know when Facebook looks to roll out their own coin. Back from few years Facebook wants to expand its division in financial sector. However, till now the company is not able to achieve it.

Read also: What is Facebook Clear History Tool?

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