Let's face it would be foolish to underestimate any serious attempt from Facebook into the realm of cryptocurrencies. Infact, it's a known fact that they have a blockchain team that's been working on these lines for a considerable period of time.
According to the newest reports in the NYTimes Facebook has approached exchanges as well.
The Facebook project is far enough along that the social networking giant has held conversations with cryptocurrency exchanges about selling the Facebook coin to consumers, said four people briefed on the negotiations.
Facebook has more than 50 engineers working on its project, three people familiar with the effort said. An industry website, The Block, has been keeping track of the steady flow of new job listings for the Facebook project.
The Facebook effort, which is being run by a former president of PayPal, David Marcus, started last year after Telegram raised an eye-popping $1.7 billion to fund its cryptocurrency project.
Whatsapp payments has shown a decent growth with over 1 million users testing the payments feature in India. But that's a small number compared to 200 million users who use Whatsapp messaging features in India. Even that figure feels like a drop in the bucket consider overing 1.5 billion people use the app everyday.
Once it's fully rolled out and marketed the number of users will increase tremendously and that's a huge market for Facebook and a potential growth area as well.
Some users hate FB and everything about it but they represent a tiny segment but the mainstream appreciate both Facebook and Whatsapp and that's largely a reason why a cryptocurrency initiative from Facebook has a potential for being successful.
If you want the latest update on this read the full article. Meanwhile let's take a vote on what Steemians feel about this. All things considered, 'Will you use a Whatsapp coin if it becomes true?'
Answer the question at dpoll.xyz.
