Facebook is one of the most useful social media platform in the world right now, it has been reportedly said that Facebook is now officially working on cryptocurrency project.
Facebook has hired and still hiring professional blockchain developers and cryptocurrency experts for their new project.
The reports from other sources have said that Facebook is now planning to develop their own cryptocurrency which is known as “StableCoin”, A digital Asset, which could help anyone to transfer his/her funds to each other’s online.
This cryptocurrency will be than integrated into WhatsApp so that the people can easily use it to sent money — in the form of StatbleCoin to other users, according to Bloomberg Report.
It’s similar to WeChat user in China, where you can easily be able to make the payments or just send cash to your friends using WhatsApp.
Facebook is working to introduce a wallet to store in their upcoming stablecoins, and the users will be able to access their wallet using WhatsApp.
Also Read:- Facebook is Reversing its Crypto ad Ban
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