Facebook may developing its own cryptocurrency

Facebook may developing its own cryptocurrency for money transfer on WhatsApp

Technology News

Facebook reportedly developing its own cryptocurrency for use in WhatsApp. Amid its myriad of privacy scandals, Facebook is allegedly planning to launch its own cryptocurrency. According to a report from Bloomberg, Facebook is developing a cryptocurrency that would enable WhatsApp users to transfer money

Facebook reportedly developing its own cryptocurrency

Facebook has for quite some time been relied upon to make a move in monetary administrations, in the wake of contracting previous PayPal president David Marcus to run its Messenger application in 2014. In May, Marcus turned into the leader of the organization's blockchain activities, which haven't been talked about openly in detail. Facebook has been on a contracting binge, and now has around 40 individuals in its blockchain gathering, as indicated by worker titles on LinkedIn.

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