Get on the Waiting List For our No.1 Stock Suggestion!

The CrushTheStreet Staff Is Consistently Researching The Most Important Investment Research. Our Goal Is To Magnify Your Financial Education At These Critical Times. Gain Immediate Access To Our Wide-Range of Top-Conviction Reports HERE!

WhatsApp Coin to Become the First Mainstream Cryptocurrency?

According to reports online, Facebook is developing its own cryptocurrency to be used on the messaging application WhatsApp, with alleged plans to focus on the remittance market in India.

In 2014, Facebook acquired WhatsApp for an astonishing $19 billion. With access to 1.5 billion users through the application, this new cryptocurrency could become the world’s first truly mainstream digital asset overnight!

Further details by Bloomberg reveal that the new cryptocurrency will be a stablecoin, pegged to the U.S. dollar to avoid volatility. Earlier in 2018, former head of Facebook Messenger, David Marcus, announced the creation of a small group dedicated to researching “how to best leverage blockchain across Facebook.”

Facebook’s Latest Conquest Developing A Cryptocurrency For WhatsApp2

While details should be taken lightly for the time being, it’s safe to assume that Mark Zuckerberg and Facebook are very much aware of cryptocurrencies and blockchain technology’s disruptive potential.

Facebook’s Latest Conquest Developing A Cryptocurrency For WhatsApp

Source: Mark Zuckerberg, Facebook CEO on Cryptocurrencies

Sending Messages and Money Together is Already Happening!

Facebook Messenger is also widely used by the masses and could potentially have other cryptocurrencies integrated into it. This is already a reality through Lite.IM, which uses Facebook Messenger to send and receive Litecoin.

Source: https://twitter.com/liteim_official/status/1057762939330011136

Sending information is something we barely give a second thought towards, and sending value with similar efficiency is the next objective as we embrace digital assets. Just as we embraced the Internet and social media in the late nineties and early 2000s, many will still remember how Bebo, Myspace, and MSN Messenger made the world a much smaller place.

The potential for unbankable citizens to have financial independence in Asia, Africa, and South America could trigger a wealth transfer not seen for generations, something an investor or entrepreneur cannot overlook.

This is not investment advice; please always do thorough research and only invest what you are willing to lose, especially in times of uncertainty.

 

Share:
Gain Immediate Access To Our Wide-Range of Top-Conviction Reports HERE!


The CrushTheStreet Staff Is Consistently Researching The Most Important Investment Research. Our Goal Is To Magnify Your Financial Education At These Critical Times. Gain Immediate Access To Our Wide-Range of Top-Conviction Reports HERE!

Facebook’s Latest Conquest Developing A Cryptocurrency For WhatsApp

Facebook’s Latest Conquest Developing A Cryptocurrency For WhatsApp

Share:
Gain Immediate Access To Our Wide-Range of Top-Conviction Reports HERE!


Compound Your Wealth Daily
All Rights Reserved © Crush The Street, 2017
Gain insider knowledge and stay out in front of the trends!
You will receive an email with the link shortly.
Get the Exclusive Report on how to profit from Cobalt now!
** Press Enter To Submit if Subscribe Button Missing
Compound Your Wealth Daily
All Rights Reserved © Crush The Street, 2017
Gain insider knowledge and stay out in front of the trends!
You will receive an email with the link shortly.
Get the Exclusive Report on how to profit from Cobalt now!