Facebook is currently developing it’s own stable coin a form cryptocurrency that is planned to be launched on WhatsApp.
According to our source “Bloomberg” claims that the corporation is developing its own digital currency called stablecoins, pegged to the US dollar.
When Facebook does announce this technology, it will likely be targeted at the Indian market, as WhatsApp has over 200 million users in the country, and people send tens of billions of dollars to India every year.
While the cryptocurrency market has been jumping and dropping sporadically throughout 2018, the general trend is a deep downward slope. If Facebook goes on to a launch, it will be the first large tech company to enter into this type of project.