Sometimes last year, we hinted you that Facebook is building its own Cryptocurrency coin for WhatsApp. Well
Facebook, Telegram and Signal, are planning to roll out new cryptocurrencies over the next year that are meant to allow users to send money to contacts on their messaging systems, like a Venmo or PayPal that can move across international borders.
The most anticipated but secretive project is underway at Facebook. The company is working on a coin that users of WhatsApp, which Facebook owns, could send to friends and family instantly, said five people briefed on the effort who spoke on the condition of anonymity because of confidentiality agreements.
The Facebook has recently held conversations with cryptocurrency exchanges about selling the Facebook coin to consumers, said four people briefed on the negotiations. Telegram, which has an estimated 300 million users worldwide, is also working on a digital coin. Signal, an encrypted messaging service that is popular among technologists and privacy advocates, has its own coin in the works. And so do the biggest messaging applications in South Korea and Japan, Kakao and Line.
The messaging companies have a reach that dwarfs the backers of earlier cryptocurrencies. Facebook and Telegram can make the digital wallets used for cryptocurrencies available, in an instant, to hundreds of millions of users.
On the other hand, Telegram which is also working on cryptocurrencies said to have sent letters to investors saying that it was 90% done with the key components of the network that would house the Gram, the name for its digital token.
Facebook and Telegram coin would make it easier to move money between countries.
Thump up to ?to Facebook
Nice one. Very easy to move money, no need of western union anymore.
A very welcome development. I trust Nigerians to grab it at first sight
Oya crytocurrency squad….fall out
let’s wait and still how it looks like
Exactly, sounds cool but who knows
Sending money at your finger…
Cool…
Sending money at your fingertips…
Cool…
But who still use crypto??
Prof I’m sorry this is not related to the post… But which super cool android phone can I get with a 75k budget… ??
You can get Nokia 8 or Xiaomi Mi A2
Thanks boss, I added money and got galaxy S8…
Thats lovely bro
In the Same vein , pls can you recommend a couple of phones my budget is 50k
You can go for Huawei Honor 8C… 4GB RAM, 4000mAh battery and its supports all network. It goes for 60K
Hmmmmmmmmm let’s see how it goes
Thanks boss
This will affect Bitcoin and I believe the price will comes down again if they finally rolled it out
After all telegram and Facebook user are already making use of Bitcoin, it mean Botcoin will loose more customer/user
Facebook be making billions & still want more billions. Make they dhy pay users abeg
Let’s wait and see how it’ll turn out.
We are waiting..this might also crash the value of the already established cryptocurrencies.