Media: Facebook is preparing to launch its own cryptocurrency

The New York Times, citing anonymous sources on Facebook, reports that the largest social network has already prepared the launch of its own cryptocurrency and is already in talks with the exchanges on listing.

It is reported that we are talking about stablecoin under the brand of messenger WhatsApp. The new coin will be pegged to the US dollar and used for domestic and international transfers between friends and family members via instant messenger. In the future, Facebook users and Instagram users, whose audience counts in billions of users, will also be able to use the stablecoins.

 "If Facebook is building a stablecoin for WhatsApp, this is less about crypto and more about building a globally dominant product that changes the way billions of people live their live," said Anthony Pompliano, founder of Morgan Creek Digital.

Unfortunately, at the moment there is no official confirmation from Facebook, and the launch date of the new cryptocurrency is unknown. In addition, there is no information about the sites to which it is planned to add this currency.

Note that last year Facebook turned to blockchain technology, and this year the social network acquired a small blockchain startup Chainspace, which was founded by researchers from the London University College. Initially, the creation of cryptocurrency for WhatsApp users became known at the end of last year.

SOURCE